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HomeMy WebLinkAbout1988-16 Designating the Capitol City Savings as a Depository for the Funds of the TownRESOLUTION N0. 16 Series of 1988 A RESOLUTION DESIGNATING Capitol City Savings 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 ox financial institutions as depositories for funds of the Town; and WHEREAS, the Town wishes to designate Capitol City Savings 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. Capital City Savings 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 Capitol City Savings. .When an account with Capitol City Savings 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 5th day of July, 1988. h V / _ Kent ose, Mayor ST: Pamela A. Brandmeye'r, Town Clerk