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HomeMy WebLinkAbout1989-41 Designating Pioneer Federal Savings and Loan as a Depository for the Funds of the TownRESOLUTION N0, 41 Series of 1989 A RESOLUTION DESIGNATING Pioneer Federal Savings and Loan, P. O. Box C-9000, Chester, VA, 23831 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 Pioneer Federal Savings and Loan 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. Pioneer Federal Savings and Loan 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 Pioneer Federal Savings and Loan. When an account with Pioneer Federal Savings and Loan 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 shall take effect immediately upon its passage. INTRODUCED, READ, APPROVED AND ADOPTED this i8th day of July, 1989 . Kent Rose, Mayor AT ST• Pamela A. Brandmeyer, Town Clerk