HomeMy WebLinkAbout1989-47 Designating Bay Loan and Investment Bank as a Depository for the Funds of the TownRESOLUTION NO. 47
Series of 1989
A RESOLUTION DESIGNATING Bay Loan and
Investment Bank, 414 Main Street, East
Greenish, Rhode Island, 02818 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 Tawn wishes to designate Say Loan and
Investment Bank 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. Bay Loan and Investment 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
Say Loan and Investment Bank. When an account with Bay
Loan and Investment Bank 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 18th day of Ju1v. 1989 .
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Kent Rose, Mayor
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Pamela A. Brandmeyer, Town Clerk