BOARD OF
DIRECTORS' RESOLUTION FOR SALE AND
LEASEBACK
OF REAL ESTATE
WHEREAS,
the Board of Directors has determined that the sale of certain real property by
____________________ (hereinafter referred to as Corporation) and the
subsequent lease of the same real property back from purchasers would be most
advantageous for said Corporation, it is hereby
RESOLVED,
that this Corporation sell the certain real property, located at
__________________________________, in the City of ___________, in the State of
_____________________, described in more particular in the Deed attached to the
minutes of this meeting to the __________________________ Company, on the terms
set out in the attached Deed. And, concurrently
with that transfer, the Corporation lease back said real property from the
above mentioned purchasing Company on the terms set out in the Lease attached
to the minutes of this meeting; and it is
FURTHER
RESOLVED, that the President and Secretary of this Corporation are hereby
authorized to act on behalf of the Corporation and to execute and deliver the
Deed, Lease, and such other instruments as may be required in connection with
the sale and lease back of the above mentioned real estate and to affix the
corporate seal of this Corporation to such documents.
The
undersigned, _____________________, certifies that he or she is the duly
appointed Secretary of _____________________ Corporation and that the above is
a true, accurate, 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 _________________, and that such resolution is now in
full force and effect.
IN
WITNESS THEREOF, I have affixed my name as Secretary of _________________
Corporation and have attached the seal of _____________________ Corporation to
this resolution.
Dated:
______________________
___________________________
Secretary
Seal:
