HomeMy WebLinkAbout1988-14 Designating United Saveings Bank as a Depository for the Funds of the TownRESOLUTION NO. 14
Series of 1988
A RESOLUTION DESIGNATING UNITED SAVINGS BANK 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 ar
financial institutions as depositories for funds of the Town; and
WHEREAS, the Town wishes to designate United Savings Bank as
a depositary for the funds of the Town.
NOW, THEREFORE, BE IT RESOLVED by the Town Council of the
Town of Vail, Colorado, as follows:
1. United Savings 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 United Savings Bank. When an account with
United Savings Bank is liquidated, a wire transfer should be made
to the Town of Vail's account # 570-0337, at the First Bank of
Vail, Colorado.
3. This Resolution shall take effect immediately upon its
passage. INTRODUCED, READ, APPROVED AND ADOPTED this 5th day of
July 1988.
Kent ~2ose, Mayor
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Pamela A. B~-andmeyer, Town Clerk