Shareholders Resolution On Board Of Directors Authority To Amend Bylaws

SHAREHOLDERS' RESOLUTION ON BOARD OF DIRECTORS' AUTHORITY TO AMEND BYLAWS RESOLVED, that the Board of Directors of [COMPANY NAME] Corporation is hereby granted the authority to amend, alter, add to, repeal, rescind or change in any other way any and all of the Bylaws of this Corporation as the Board of Directors shall deem fit and proper, and such authority shall not require either any action or consent by of from the shareholders of the [COMPANY NAME] Corporation; and it is FURTHER RESOLVED, that the shareholders are to retain the right to revoke the above grant of authority to the directors. Such revocation shall be made by a resolution adopted by the holders of a majority of the [COMPANY NAME] Corporation's stock entitled to vote at a duly convened meeting of shareholders. Unless and until such revocation action is taken by the shareholders, the shareholders shall not exercise their power, under Article [N] of the Bylaws to amend, alter, add to, repeal, rescind or change in any way the Bylaws of the [COMPANY NAME] Corporation. The undersigned, [N], certifies that I am the duly appointed Secretary of [COMPANY NAME] Corporation and that the above is a true and correct copy of a resolution duly adopted at a Meeting of the shareholders thereof, convened and held in accordance with law and the Bylaws of said Corporation on [DATE] and that such resolution is now in full force and effect. IN WITNESS THEREOF, I have affixed my name as Secretary of [COMPANY NAME] Corporation. Dated: [DATE] ______________________ Secretary