Borrowing Resolution for a Corporation

A special meeting of the Board of Directors of __________________ ____, Inc., was held on ________________, at _________, _________, pursuant to, and, upon a motion made regularly and in proper order, and seconded, the board of directors of ___________________, agreed:

That the corporation shall borrow the original principal sum of $______(______________________&___/100 dollars) from ___________ _____________ 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 ____________________, may be signed on behalf of the corporation by its President,
________________________________.

_________________________ by:

______________________________________________________ Dated:
Secretary of Corporation

______________________________________________________
Attest, President