HomeMy WebLinkAbout1993-17 Authorizing employees to Sign Checks Drawing on Existing Accounts at the First Bank of VailR.
RESOLUTION NO. 17
SERIES OF 1993
A RESOLUTION AUTHORIZING CERTAIN TOWN EMPLOYEES AND OFFICERS
TO SIGN CHECKS DRAWING ON EXISTING ACCOUNTS
OR ACCOUNTS TO BE OPENED IN THE FUTURE OF THE TOWN
AT THE FIRSTBANK OF VAIL
AND FURTHER AUTHORIZING CERTAIN EMPLOYEES OF THE T09~N
TO MAKE DEPOSITS IN SAID ACCOUNTS.
WHErREAS, the Town wishes to continue accounts at the FirstBank of Vail; and
WHEREAS, i# is necessary to revise the list of employees and officers authorized to sign
checks and make deposits in said accounts; and
WHEREAS, the bank requires a Resolution setting forth parties who are authorized to sign
checks drawn 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:
1. The following officers and employees of the Tawn 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, ar 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. Robert W. McLaurin, Town Manager or his successor.
B. Steven J. Thompson, Finance Director or his successor.
C. R. Thomas Moorhead, Town Attorney 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, ar other evidence of indebtedness for the payment of monies payable
to the order of the Town.
3. In addition to those individuals specifically named and their successors, the Town
Manager has the authority to appoint or nominate additional employees or officers to sign checks.
Such authority must be communicated to the Bank in writing with a sample of the individual's
signature.
4. The authority of the aforesaid employees and officers to perform each and a!I the
powers conferred by the foregoing Resolution shall continue until notice in writing, terminating
1 aesolution No. 17, Series of 1990
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such authority, shall be served upon said Bank and shag be noted upon the certified copy of such
Resolution as delivered to said Bank.
5. This resolution shall take effect immediately upon its passage.
INTRODUCED, READ, APPROVED AND ADOPTED this 21st day of December, 1993.
Margaret A. Osterfoss, Mayor
ATTEST:
nka~
Holly L. McCutcheon, Town Cierk
C:IRESOLU93.17
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Resolution No. 17, Spr'~0s of 1993