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HomeMy WebLinkAbout1989-28 Designating Shearson Lehman Hutton Inc as a Depository for the Funds of the TownRESOLUTION NO, 2$ Series of 1989 A RESOLUTION DESIGNATING Shearson Lehman Hutton, Inc., 6400 Texas Commerce Tower, Houston, Texas 7?002 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 depositaries for funds of the Town and WHEREAS, the Town wishes to designate Shearson Lehman Hutton 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. Shearson Lehman Hutton 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 Shearson Lehman Hutton. When an account with Shearson Lehman Hutton is liquidated, a check shall be made to the Town of Vail and mailed to 75 S. Frontage Road, Vail, Colorado 81657. 3. This Resolution sha11 take effect immediately upon its passage. INTRODUCED, READ, APPROVED AND ADOPTED this 18th day of July. 1989 Kent Rose, Mayor Pamela A. Brandmeyer, Town C3.erk