Board Resolution Approving Real Property Purchase

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 Board Resolution Approving Real Property Purchase Powered By Docstoc
					BOARD OF DIRECTORS OF [NAME OF CORPORATION] “CORPORATION” CONSENT TO PURCHASE REAL PROPERTY WHEREAS, the Board of Directors deems it desirable and in the best interests of this Corporation to enter into an agreement and to purchase that real certain property located at [FULL ADDRESS] (the “Property”).

It is therefore RESOLVED, that this Corporation acquire the Property for a price of approximately $[TARGET PURCHASE PRICE] but varying from this amount not more than 10%, the exact price and additional terms and conditions as the [OFFICER] of the Corporation may, in his or her best judgment for the benefit of the Corporation deem advisable.

It was RESOLVED FURTHER, that the officers of this Corporation are hereby authorized and directed to execute, on behalf of this Corporation and in its name as purchaser, any and all agreements, certificates, declarations, licenses, and other documents, all as required in connection with the purchase of the Property.


				
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posted:12/24/2007
language:English
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