HomeMy WebLinkAbout1988-12 Designating TexasBanc Savings Association as a Depository for the Funds of the TownRESOLUTION NO. 12
Series of 1988
A RESOLUTION DESIGNATING TexasBanc Savings Association
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 depositaries far funds of the Town; and
WHEREAS, the Town wishes to designate TexasBanc Savings
Association as a depository for the funds of the Town.
NOW, THEREFORE, BE IT RESOLVED by the Town Council of the Town
of Vail, Colorado, as follows:
1. TexasBanc Savings Association 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 TexasBanc Savings Association. When an account
with TexasBanc Savings Association is liquidated, a check shall be
made to the Town of Vail and mailed to 75 S. Frontage Road, Vail,
Colorado 51657.
3. This Resolution shall take effect immediately upon its
passage. INTRODUCED, READ, APPROVED AND ADOPTED this 5th day of
Jv.ly, 19^8.
Rend Rase, Mayor'
1111 ST:
JQh'rU,~1,1
Pa~r~ela A. Brandmey~er~,JTown Clerk