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HomeMy WebLinkAbout1988-18 Designating Champion Savings Association as a Depository for the Funds of the TownRESOLUTION NO. 1$ Series of 1988 A RESOLUTION DESIGNATING CHAMPION SAVINGS ASSOCIATION AS A DEPOSITORY FOR THE FUNDS OF THE TOWN AS PERMITTED BY THE CHARTER OF THE TpWN, ITS ORDINANCES, AND THE STATUTES OF THE STATE OF COLORADO. WHEREAS, the Town has the power to designate banks or financial institutions as depositories for funds of the Town; and WHEREAS, the Town wishes to designate Champion Savings Association as a depository for the funds of the Town. NOW, THEREFORE, BE IT RESOLVED by the Town Council of the Town of Vail, Colorado, as follows: Champion Savings 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 Champion Savings Association When an account with Champion Savings Association is liquidated, a wire transfer should be made to the Town of Vail's account # 570-0337, at the First Bank of Vail, Colorado. 3. This Resolution shall take effect immediately upon its passage. INTRODUCED, READ, APPROVED AND ADOPTED this 5th day of July 1988. C~ Kent Rose, Mayor EST: r1.L~ Pamela A. Brandmeye , Town Clerk