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