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HomeMy WebLinkAbout1989-09 Designating Farmers State Bank as a Depository for the Funds of the TownRESOLUTION NO. 9 Series of 1989 A RESOLUTION DESIGNATING Farmers State Bank, 423 Broadway, Denton, Montana AS A DEPOSITORY FOR THE FUNDS OF THE TOWN AS PERMITTED BY THE CHARTER OF THE TOWN, ITS ORDINANCES, AND THE STATUTES OF THE STATE OF COLORADO. WHEREAS, the Town has the power to designate banks or financial institutions as depositories for funds of the Town; and WHEREAS, the Town wishes to designate Farmers State Bank as a depository for the funds of the Town. NOW, THEREFORE, BE IT RESOLVED by the Town Council of the Town of Vail, Colorado, as follows: 1. Farmers State Bank is hereby designated as a depository for the funds of the Town of Vail. 2. Charles Wick, the Director of Administrative Services of the Town of Vail, or his successor, and Steve Thompson, Financial Controller of the Town of Vail, or his successor, are hereby authorized to open any deposit or checking accounts in the name of the Town of Vail at Farmers State Bank. When an account with Farmers State Bank is liquidated, a check shall be made to the Town of Vail and mailed to 75 S. Frontage Road, Vail, Colorado 81557. 3. This Resolution shall take effect immediately upon its passage. INTRODUCED, READ, APPROVED AND ADOPTED this _,,,,~ slimy of Mak,, 1989 d?~ Kent Rose, Mayor ` ATTEST: Pamela A. Brandmeyer, Town Clerk