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Board Of Directors' Resolution Declaring An Extra Dividend
BOARD OF DIRECTORS' RESOLUTION DECLARING AN EXTRA DIVIDEND
Pursuant to a duly made and seconded motion, the Board of Directors of [Name of Corporation], hereinafter referred to as "Corporation", unanimously adopted the following resolution:
WHEREAS, the Treasurer of said Corporation has submitted a financial statement to the Board of Directors showing a surplus of $ [Amount of surplus] dollars, for the fiscal year ending on the [Date fiscal year ends], it is hereby
RESOLVED, that the regular dividend of $ [Amount of dividend] dollars per share shall be supplemented by an additional dividend payment of $[Dividend payment per share] dollars per share, and it is
FURTHER RESOLVED that the total amount of the regular dividend and the extra dividend shall be $ [Extra dividend per share] dollars per share, and the Treasurer is hereby directed to set aside a sufficient cash surplus for the sole satisfaction of such dividend payments, and the Treasurer is further directed to make such dividends payable to all shareholders of record at the close of business on the [Date of payment].
The undersigned, [Secretary of Corporation], certifies that he or she is the duly appointed Secretary of Corporation and that the above is a true and correct copy of a resolution duly adopted at a meeting of the directors thereof, convened and held in accordance with law and the Bylaws of said Corporation on [Date of resolution], and that such resolution is now in full force and effect.
IN WITNESS THEREOF, I have affixed my name as Secretary of [Name of Corporation] Corporation and have attached the seal of [Name of Corporation] Corporation to this resolution.
Dated: [Date signed]
Secretary