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HomeMy WebLinkAbout1989-16 Designating Franklin Banks as a Depository for the Funds of the TownRESOLUTION NO, 15 Series of 198,9 A RESOLUTION DESIGNATING Franklin Bank, P. O. Box 7539, San Mateo, California 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 Franklin Hank as a depository for funds of the Town. NOW, THEREFORE, BE IT RESOLVED by the Town Council of the Town of Vail, Colorado, as follows; 1. Franklin 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 Franklin Bank When an account with Franklin Bank is liquidated, a check sha11 be made to the Town of Vail and mailed to T5 S. Frontage Road, Vail, Colorado 81657. 3, This Resolution shall take effect immediately upon its passage. INTRODUCED, READ, APPROVED AND ADOPTED this 2nd day of Slav, 1989 O~'"?iL- Kent Rvse, Mayor `' ATTEST; 1. ~I~ Pamela A, Brandme er, Town Clerk