HomeMy WebLinkAbout1988-33 Designating American State Bank of Olivia as a Depository for the Funds of the TownRESOLUTION NO. 33
Series of 1988
A RESOLUTION DESIGNATING AMERICAN STATE BANK OF OLIVIA,
BOX 10, OLIVIA, MINNESOTA, 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 far funds of the Town; and
WHEREAS, the Town wishes to designate American State Bank of
Olivia 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. American State Bank of Olivia is hereby designated as a
depository for the funds of the Town of Vaii.
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 American State Bank of Olivia. When an
account with American State Bank of Olivia 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 6th day of
September, 198$
r~ ~~Kent Ro e, Mayo'
ATTESTe
Par~?la. A. Brandmey~er, Town Clerk