HomeMy WebLinkAbout1986-09 Authorizing Administrative Services to Open and Maintain an Account with the Firm of Merrill, Lynch, Pierce, Fenner and Smith Incr ~ ~ -.-..r , .~
RESOLUTION N0. 9
Series of 19$6
A RESOLUTION AUTHOR
DIRECTOR ANDiOR THE
AN ACCOUNT WITH THE
AND SMITH, INC. FOR
AUTHORIZED BY STATE
POLICY.
IZING THE ADMINISTRATIVE SERVICES
FINANCE CONTROLLER TO OPEN AND MAINTAIN
FIRM OF MERRILL, LYNCH, PIERCE, FENNER
THE PURCHASE AND SALE OF SECURITIES AS
LAW AND BY THE TOWN OF VAIL INVESTMENT
IT IS ffEREBY resolved by the Town Council of the Tawn of Vail, Colorado as
follows;
1. The Administrative Services Director and/`or the Finance Controller are
hereby authorized and empowered to open and maintain an account with Merril, Lynch,
Pierce, Fenner and Smith, Inc. (the "Broker") for the purchase and sale of
securities as authorized by State law and by the Town of Vail Investment Policy.
2. The Administrative Services Director and/or the Finance Controller are
hereby authorized to give written or verbal instruction to the Broker to buy or sell
securities and to take delivery of securities for the Town and to make payment for
said securities to the Broker for the Town.
INTRODUCED, READ, APPROVED AND ADOPTED this 1st day of April, 1986.
Kent R'. Rose, Mayor Pro Tem
ATTEST:
Pamela A. Brandmeyer, T rn Clerk