This document should be used by the Board of Directors when purchasing real estate or making improvements. The following text of this document should be reviewed and edited to fit your purposes. [Find, then fill-in, or delete text in brackets like this: “[NNN]”
Otherwise the following text should be reviewed and edited as needed:
BOARD OF DIRECTORS' RESOLUTION FOR PURCHASE OF REAL ESTATE AND IMPROVEMENTS
WHEREAS, the [COMPANY NAME] Corporation's operations now require additional operating facilities, and, WHEREAS, [REAL ESTATE OWNER], the owner of the real estate located at [STREET], in the City of [CITY], State of [STATE], has offered to sell that property to the Corporation on the terms and conditions set out in the Deed attached to the minutes of this meeting, it is hereby: RESOLVED, that this Corporation purchase from [N] the land and building described in the Deed that is attached to the minutes of this meeting on the terms described in that Deed; and it is FURTHER RESOLVED, that the President and Secretary of this corporation are hereby authorized to execute all instruments and make all payments necessary to complete the sale of the aforementioned real estate to this 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 Directors 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