HomeMy WebLinkAbout1988-22 Designating Investors Federal Savings and Loan Association as a Depository for the Funds of the TownRESOLUTION NO. 22
Series of l98$
A RESOLUTION DESIGNATING Investors Federal Savings and
Loan Association 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 depositories for funds of the Town; and
WHEREAS, the Town wishes to designate Investors Federal
Savings and Loan 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:
1. Investors Federal Savings and Loan Association is hereby
designated as a depository far 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
autharixed to open any deposit or checking accounts in the name of
the Town of Vail at Investors Federal Savings and Loan Association.
When an account with Investors Federal 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 81557.
3, This Resolution shall take effect immediately upon its
passage. INTRODUCED, READ, APPROVED AND ADOPTED this 5th day of
July, 1988.
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Kent~Ro~se, Maya
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Parnela A. Brandmeyer, Town Clerk