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HomeMy WebLinkAbout1988-25 Designating Standard Federal Savings and Loan as a Depository for the Funds of the TownRESOLUTION NO. 25 Series of 1988 A RESOLUTION DESIGNATING STANDARD FEDERAL SAVINGS AND LOAN ASSDCIATION 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 Standard Federal Savings and Loan Association 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. Standard Federal Savings and Loan Association is hereby designated as a depository for the funds of the Town of Vail. 2. Charles Wick, the Director of Administrative ServlCeS 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 ar checking accounts in the name of the Town of Vail at Standard Federal Savings and Loan Associa- tion. When an account with Standard Federal Savings and Loan Assaciation 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 ?.988 , v ~d~~Ken Rose, Ma or 3~TTF,ST ; a~ Pamr~la H. k3randmeyer, 'Town Clerk