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HomeMy WebLinkAbout1987-08 Authorizing Town Employees and Officers to Sign Checks Drawing on an Operating Account to be Opened at the First Bank of VailRESOLUTION N0. 8 Series of 1987 A RESOLUTION AUTHORIZING CERTAIN TOWN EMPLOYEES AND OFFICERS TO SIGN CHECKS DRAWING ON AN OPERATING ACCOUNT TO BE OPENED BY THE TOWN AT THE FIRST BANK OF VAIL AND FURTHER AUTHORIZING CERTAIN EMPLOYEES OF THE TOWN TO MAKE DEPOSITS IN SAID ACCOUNT. WHEREAS, the Town wishes to open an operating checking account at the First Bank of Vail; and WHEREAS, the Bank requires a Resolution setting forth parties who are authorized to sign checks drawing on funds in the account and who are authorized to deposit in said account. NOW, THEREFORE, be it resolved by the Town Council of the Town of Vail, Colorado, as follows: 1. The following officers and employees of the Town are hereby authorized in the name of the Town, to collect, discount, negotiate, endorse and sign all checks, drafts, notes and other negotiable or nonnegotiable instruments payable to the Town, or in which the Town has an interest, and to draw, sign and deliver, in the name of the Town, checks or drafts against the funds of the Town on deposit in said Bank. A. Lawrence A. Eskwith or his successor. B. Charles R. Wick or his successor. C. Rondall V. Phillips or his successor. 2. For the purpose of deposit in the account of the Town with the Bank, any Town officer or employee of the Finance Department may endorse, sign or deliver on behalf of the Town, any checks, orders or other evidence of indebtedness for the payment of monies payable to the order of the Town. 3. The authority of the aforesaid employees and officers to perform each and all the powers conferred by the foregoing Resolution shall continue until notice in writing, terminating such authority, shall be served upon said Bank and shall be noted upon the certified copy of such Resolution as delivered to said Bank. 4. This Resolution shall take effect immediately upon its passage. INTRODUCED, READ, APPROVED AND ADOPTED this 3rd day,... of March 1987. ATTEST: Pamela A. Brandmeyer, T wn Clerk r ~ F. Paufi°-R`. Johnson, Mayor ff r