HomeMy WebLinkAbout1990-18 Authorizing Certain Town Employees to Sign Checks Drawing on an Operating Account to be Opened at the First Bank of Vails ~
RESOLUTION N0. i8
Series of 1990
A RESOLUTION AUTHORIZING CERTAIN TOWN EMPLOYEES AND OFFICERS
TO SIGN CHECKS DRAWING ON AN OPERATING ACCOUNT TO BE OPENED
BY THE TOWN AT THE FIRSTBANK OF VAIL AND FURTHER AUTHORIZING
CERTAIN EMPLOYEES OF THE TOWN TO MAKE DEPOSITS IN SAID ACCOUNT.
WHEREAS, the Town wishes to open an operating checking account at the FirstBank
of Vail; and
WHEREAS, the Bank requires a Resolution setting forth parties who are authorized
to sign checks drawing on funds in the account and who are authorized to deposit in
said account.
NO4~, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF VAIL,
COLORADO, as follows:
1. The following officers and employees of the Town are hereby authorized in
the name of the Town, to collect, discount, negotiate, endorse, and sign all checks,
drafts, notes, and other negotiable or nonnegotiable 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.
A. Kenneth H. Hughey or his successor.
B. Stephen H. Barwick or his successor.
C. Rondall U. Phillips or his successor.
2. For 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. The authority of the aforesaid employees and officers to perform each and
all the powers conferred by the foregoing Resolution shall continue until notice in
writing, terminating such authority, shall be served upon said Bank and shall be
noted upon the certified copy of such Resolution as delivered to said Bank.
4. This Resolution shall take effect immediately upon its passage.
INTRODUCED, READ, APPROVED AND ADOPTED this 7th day of August 1990.
J °~
Kent R. Rose, Mayo r
ATTEST:
Pamela A. Brandmeyer, To n Clerk