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HomeMy WebLinkAbout1988-38 Authorizing TOV to Rent a Safe Deposit Vault at the First Bank of VailRESOLUTION N0. 38 Series of 1988 A RESOLUTION AUTHORIZING THE TOWN OF UAIL TO RENT A SAFE DEPOSIT VAULT AT THE FIRSTBANK OF UAIL AND AUTHORIZING CERTAIN OFFICERS TO SIGN A LEASE THEREFOR, TO TERMINATE THE LEASE, TO SURRENDER THE BOx, RETURN THE KEYS, AND RELEASE THE BANK FROM ANY LIABILITY IN CONNECTION THEREWITH. WHEREAS, the Tawn has the power to rent safe deposit boxes in financial institutions; and WHEREAS, the Town wishes to rent a safe deposit box at the FirstBank of Vail. NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO, as follows: 1. Ron Phillips, or his successor as Town Manager, and Charles Wick, or his successor as Administrative Services Director, are hereby a deposit box in the FirstBank of Vail safe deposit vault and Town a lease therefor, to terminate the lease, to surrender keys, and release the bank from any liability in connection this authorization is access to such box and control of the above named officers. uthorized to rent a safe to sign on behalf of the the box, return the therewith. Included in contents thereof by the 2. At least one of the authorized officers set forth above shall be present whenever access is had to the box and shall sign whatever application for access may be required by the bank as a prerequisite to granting access to said box. 3. This authorization shall remain in effect until and unless the bank is notified otherwise by the Town. INTRODUCED, READ, APPROVED AND ADOPTED this 18th day of October 1988. Kent R: Rose, Mayor ' ATTEST: w,Gv~. ~~2t~u.LU1~/ Pamela A. Brand~neyer,' Town Clerk