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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 . d7~~ Kent Rose, Mayor AT ST: (~~~ 1,~IiJ~. Rar~~JhiCL~,I ~/ Pamela A. Brandmeyer, Town Clerk