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HomeMy WebLinkAbout1989-53 Designating Security Pacific State Bank as a Depository for the Funds of the TownRESOLUTION NO. 53 Series of 1989 A RESOLUTION DESIGNATING Security Pacific State Bank, 1422 Culver Dr., Irvine, CA, 92714 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 far funds of the Tawn and WHEREAS, the Town wishes to designate Security Pacific State Bank as a depositary for funds of the Town. NOW, THEREFORE, BE IT RESOLVED by the Town Council of the Town of Vail, Colorado, as follows; 1. Security Pacific State 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, ar his successor, are hereby authorized to open any deposit or checking accounts in the name of the Tawn of Vail at Security Pacific State Bank. When an account with Security Pacific State 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 ~ ,, ~/~ Kent Rose, Mayor AT ST; Pamela A. Brandmeyer, Town Clerk