BOARD OF DIRECTORS' RESOLUTION DECLARING A REGULAR DIVIDEND
Pursuant to a duly made, seconded, and unanimously carried motion, the following resolution was adopted by the Board of Directors:
WHEREAS, there continues to be a surplus existing due to the normal business operations of said Corporation since the last quarterly report submitted by the Treasurer on the ______________ day of ________________, and said surplus now amounts to a total of _____________ dollars, it is hereby:
RESOLVED, that a portion of the aforementioned surplus, in the amount of ___________ dollars will be set aside for the sole purpose of paying a dividend on the common stock of this Corporation, and it is
FURTHER RESOLVED that a dividend of ___________ dollars per share on all shares of common stock issued and outstanding to those shareholders who were shareholders of record on the ________________ day of ______________________ will be paid by the Treasurer of said Corporation.
The undersigned, ___________________________, 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 __________________, 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: