HomeMy WebLinkAbout1989-28 Designating Shearson Lehman Hutton Inc as a Depository for the Funds of the TownRESOLUTION NO, 2$
Series of 1989
A RESOLUTION DESIGNATING Shearson Lehman
Hutton, Inc., 6400 Texas Commerce Tower,
Houston, Texas 7?002 AS A DEPOSITORY FOR THE
FUNDS OF THE TOWN AS PERMITTED BY THE CHARTER
OF THE TOWN, ITS ORDINANCES, AND THE STATUTES
OF THE STATE OF COLORADO
WHEREAS, the Town has the power to designate banks
or financial institutions as depositaries for funds of
the Town and
WHEREAS, the Town wishes to designate Shearson
Lehman Hutton as a depository for funds of the Town.
NOW, THEREFORE, BE IT RESOLVED by the Town Council
of the Town of Vail, Colorado, as follows:
1. Shearson Lehman Hutton is hereby designated as
a depository for the funds of the Town of Vail.
2. Charles Wick, the Director of Administrative
Services of the Town of Vail, or his successor, and Steve
Thompson, Financial Controller of the Town of Vail, or
his successor, are hereby authorized to open any deposit
or checking accounts in the name of the Town of Vail at
Shearson Lehman Hutton. When an account with Shearson
Lehman Hutton is liquidated, a check shall be made to the
Town of Vail and mailed to 75 S. Frontage Road, Vail,
Colorado 81657.
3. This Resolution sha11 take effect immediately
upon its passage. INTRODUCED, READ, APPROVED AND ADOPTED
this 18th day of July. 1989
Kent Rose, Mayor
Pamela A. Brandmeyer, Town C3.erk