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Board Of Directors' Resolution For Borrowing From Designated Bank
BOARD OF DIRECTORS' RESOLUTION FOR BORROWING
FROM DESIGNATED BANK
Whereas [Name of Corporation], hereinafter referred to as "Corporation", desires to borrow money in order to [Amount to borrow], it is hereby
RESOLVED, that [Name of president], the President of the Corporation be hereby authorized to act on behalf of said Corporation to borrow the sum of dollars $[Amount to borrow] from [Name of Bank], hereinafter referred to as Bank, on the terms set out in the loan instrument attached to the minutes of this meeting, it is
FURTHER RESOLVED that said President is authorized to sign and execute the loan instrument document and whatever other documents as necessary or required by said Bank to evidence indebtedness of Corporation to Bank; and the Secretary of the Corporation is to provide said Bank with a certified copy of these resolutions.
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