HomeMy WebLinkAbout1988-20 Designating First American Bank and Trust as a Depository of the Funds for the TownRESOLUTION NO. 24
Series of 1988
A RESOLUTION DESIGNATING First American Bank and Trust
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 depositories for funds of the Town; and
WHEREAS, the Town wishes to designate First American Bank and
Trust as a depository for the funds of the Tawn.
NOW, THEREFORE, BE IT RESOLVED by the Town Council of the Town
of Vail, Colorado, as follows:
1. First American Bank and Trust is hereby designated as a
depository far 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, ox his successor, are hereby
authorized to open any deposit or checking accounts in the name of
the Town of Vail at First American Bank and Trust. When an account
with First American Bank and Trust 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, 198S.
Kent dose, Mayo
ST:
Pamela A. Brandmeyer~, Town Clerk