HomeMy WebLinkAbout1990-12 Authorizing Execution of Transfer of Funds AgreementRESOLUTION NO. 12
Series of 1990
A RESOLUTION AUTHORIZING EXECUTION OF TRANSFER OF FUNDS AGREEMENT
WHEREAS, from time to time the Tawn orally requests Central Bank to transfer
funds to other banks for credit to persons or corporations designated by the Town.
WHEREAS, the Bank needs to have standing instruttion upon which to act pursuant
to oral request for the transfer of funds.
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF VAIL,
COLORADO:
The Town Manager of the Town of Uail, Colorado, is hereby authorized to execute
the domestic and international funds (Wire) Transfer Agreement on behalf of the Town
of Vail with Central Bank providing for telephone requests for the transmission of
funds belonging to the Town upon the terms and conditions set forth in said
agreement.
The authority referred to in this Agreement shall continue at full force and
effect until written notice of its revocation shall be received by the Bank at its
office.
I, Pamela A. Brandmeyer, Town Clerk of the Town of Vail, Colorado, hereby
certify that the foregoing is a true copy of a resolution adopted by the Town
Council of the Town of Vail at a meeting of said Town Council duly and regularly
called, noticed and held, and at which time was present, a quorum of the Town
Council on May I5 1990, and that said resolution is in full force and effect.
INTRODUCED, READ, APPROVED AND ADOPTED this 15th day of ~a~ 1990.
v J ~.--
Kent R: dose, Mayor-
ATTEST:
Pamela A. Brandmeyer, Town Clerk