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HomeMy WebLinkAbout1994-25 Authorizing Certain Town Employees and Officers to Sign Checks Drawing on Existing Accounts or Accounts to be Opened in the Future of the Town at First BankRESOLUTION NO. 25 SERIES OF 1994 A RESOLUTION AUTHOR4ZING CERTAIN TOWN EMPLOYEES AND OFFICERS TO SIGN CHECKS DRAWING ON EXISTING ACGOUNTS OR ACCOUNTS TO BE OPENED IN THE FUTURE OF THE TOWN AT THE FIRSTBANK OF VAIL AND FURTHER AUTHORIZING CERTAIN EMPLOYEES OF THE TOWN TO MAKE DEPOSITS IN SAID ACCOUNTS. WHEREAS, Resolution No. '17, Series of 1993 authorized certain Town employees and officers to sign checks drawing on existing accounts at FirstBank of Vaii; and WHEREAS, it is necessary to add to the list of employees and officers authorized to sign checks and make deposits in said accounts; and WHEREAS, the bank requires a Resolution setting forth parties who are authorized to sign checks drawn on funds in the account and who are authorized to deposit in said account. NOW, THEREFORE, be it resolved by the Town Council of the Town of Vail, Colorado: 1. The following employees of the Town is hereby authorized in the name of the Town, to collect, discount, negotiate, endorse, and sign all checks, drafts, notes, and other negotiable or non-negotiable instruments payable to the Town, or in which the Town has an interest, and to draw, sign, and deliver, in the name of the Town, checks or drafts against the funds of the Town on deposit in said Bank. Pamela A. Brandmeyer, Assistant Town Manager or her successor; and R. Thomas Moorhead, Tawn Attorney or his successor. 2. f=or the purpose of deposit in the account of the Town with the Bank, any Town officer or employee of the Finance Department may endorse, sign, or deliver on behalf of the Town, any checks, orders, or other evidence of indebtedness for the payment of monies payable to the order of the Town. 3. In addition to those individuals specifically named and their successors, the Town Manager has the authority to appoint ar nominate additional employees or officers to sign checks. Such authority must be communicated to the Bank in writing with a sample of the individual's signature. 4. The authority of the aforesaid employees and officers to perform each and aH the powers conferred by the foregoing Resolution shall continue until notice in writing, terminating Resolution No. 25, Series al 1994 such authority, shall be served upon said Bank and shall be no#ed upon the certified copy of such Resolution as delivered to said Bank. 5. This resolution shall take effect immediately upon its passage. INTRODUCED, READ, APPROVED AND ADOPTED this 6th day of December, 1994. f 7"~.C.t/~ ~"~' Marg rat A. Ostertoss, Mayor( ATTEST: Holly . McCutcheon, Town Clerk C:IRESOLtJ94.25 Resoiutian No. 25, Series of 1994