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HomeMy WebLinkAbout1989-56 Designating Lyndonville Savings Bank and Trust as a Depository for the Funds of the TownRESOLUTION N0. 56 Series of 1989 A RESOLUTION DESIGNATING Lyndonville Savings Bank and Trust, P. O. Box 125, Lyndonville, VT, 05851 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 Lyndonville Savings Bank and Trust 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. Lyndonville Savings Bank and Trust is hereby designated as a depository far 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 Lyndonville Savings Bank and Trust. When an account with Lyndonville Savings Bank and Trust 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 15th day of Au~~~st, 1gR9 Kent Rose, Mayor Y ST: Pamela A. Brandmeyer, Town Clerk