Chestnut's Multimedia Mania/MM_MANIA.ISO/home/legal82/guide2.exe/8422.BLD

Text File | 1993-09-30 | 1KB | 53 lines

#8422
@001 Enter the name of corporation:
@002 Enter date of meeting:
@003 Enter place of meeting:
!004 Enter the authorized principal sum of the loan:
@005 Enter the name of bank:
@006/@006/@006 Enter title of official to sign papers/negotiate:
President
Chairman of the Board
KEY IN VALUE
@007 Enter name of officer to sign papers/negotiate:
#end control section
#8422
/* Para. 8422: Corpor resolution: Borrowing from bank */


                CORPORATE RESOLUTION FOR BORROWING


A special meeting of the Board of Directors of @001, Inc., was
held on @002, at @003, pursuant to, and, upon a motion made
regularly and in proper order, and seconded, the board of
directors of @001, agreed:


That the corporation shall borrow the original principal sum of
$ @004 (!004 dollars) from @005 bank, under such terms and
conditions, including the pledging of collateral for the loan,
and the opening or maintaining of deposit accounts, and such
other terms as may be needful or required.


That the promissory notes, and any other certifications of
indebtedness as well as any other warranties, bonds, indentures,
and other agreements which may be required by @005, may be signed
on behalf of the corporation by its @006, @007.


@001 by:



______________________________________________________

SECRETARY




______________________________________________________

Attest, President