HomeMy WebLinkAbout1988-15 Designating American Savings and Loan Association as a Depository for the Funds of the TownRESOLUTION NO. 15
Series of 1988
A RESOLUTION DESIGNATING American Savings and Loan
Association AS A DEPOSITORY FOR THE FUNDS OF T8E 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 ar
financial institutions as depositories for funds of the ToW~ and
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WHEREAS, the Town wishes to designate American ~ng ~c~nd1
Loan Association as a depository for the funds of the ~o :~•~' •_.
NOW, THEREFORE, BE IT RESOLVED by the Town Council t '~~'~~tn
of Vail, Colorado, as follows:
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1. American Savings and Loan Association 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 American Savings and Loan Association. When
an account with American Savings and Loan Association 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 shall take effect immediately upon its
passage. INTRODUCED, READ, APPROVED AND ADOPTED this 5th day of
July, 1988.
P . ~ r/Y~
Kent Rose. Mayor ~
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Pamela A.Brandmeyer, Tawn Clerk
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