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HomeMy WebLinkAbout1989-30 Designating Eastern Savings Bank as a Depository for the Funds of the TownRESOLUTION NO, 30 Series of 1989 A RESOLUTION DESIGNATING Eastern Savings Bank, 1.350 McCormick Road, Executive Plaza Two, Suite 200, Hunt Valley, MD, 21031 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 Eastern Savings BAnk as a depository far funds of the Town. NOW, THEREFORE, BE IT RESOLVED by the Town Council of the Town of Vail, Colorado, as follows: 1. Eastern Savings BAnk is hereby designated as a depositary 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 Eastern Savings BAnk. When an account with Eastern Savings 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 8th day of Juiy, 1989 ~~ ti~7/~/ V ~r/I~,r Kent Rose, Mayor TT~ ST: ~ ~~~~ Pamela A. Brandmeyer, Town Clerk