HomeMy WebLinkAbout1988-19 Designating First American Bank for Savings as a Depository for the Funds of the Townfit ~ ~ ~.U
RESOLUTION NO. 19
Series of 1988
A RESOLUTION DESIGNATING First American Bank For Savings
AS A DEP05ITORY FOR THE FUNDS OF THE TOWN AS PERMITTED
BY THE CHARTER OF THE TOWN, ITS ORDINANCES, AND THE
STATUTES OF THE STATE DF COLORADO.
WHEREAS, the Town has the power to designate banks or
financial institutions as depositaries for funds of the Town; and
WHEREAS, the Town wishes to designate First American Bank For
Savings as a depository for the funds of the Tawn.
NOW, THEREFORE, BE IT RESOLVED by the Town Council of the Town
of Vail, Caloradn, as follows:
1. First American Bank For Savings is hereby designated as a
depository far the funds of the Town of Vail.
2. Charles Wick, the Director of Administrative Services of
the Tawn of Vail, or his successor, and Steve Thompson, Financial
Controller of the Tawn of Vail, or his successor, are hereby
authorized to open any deposit or checking accounts in the name of
the Town of Vail at First American Bank For Savings. When an
account with First American Bank For Savings is liquidated, a check
shall be made to the Town of Vail and mailed to 75 5. Frontage
Road, Vail, Colorado 81557.
3. This Resoiutian shall take effect immediately upon its
passage. INTRODUCED, READ, APPROVED AND ADOPTED this 5th day of
JLly, 1988.
T° 11 ~/Y~
Kent Rose, Mayor
T'_" S T
Pam~_la A. Brandmeyer, Town Clerk