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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 A T: l~(.1 x~. ~~ Pamela A. B~-andmeyer, Town Clerk