Canada Directors Resolution and Authorization re Fax Instructions to Bank by Megadox

VIEWS: 75 PAGES: 2

More Info
									                         RESOLUTIONS OF THE DIRECTORS OF
                         __________ (insert legal name of corporation)
                                    (the “Corporation”)


FACSIMILE INSTRUCTIONS

WHEREAS the Corporation has found it necessary from time to time to use facsimile (“fax”)
transmission to instruct __________ (insert legal name of bank) (the “Bank”) to effect payments
on its behalf and in order to continue such an arrangement the Bank requires the Corporation to
provide its written authorization outlining procedures in that regard.

BE IT RESOLVED THAT:

1.     The Corporation authorize the giving of instructions by fax to the Bank as a means to
       permit the Bank to effect payments on the Corporation’s behalf and that the Corporation
       shall provide to the Bank, in the form annexed hereto, its written authorization to that
       effect;

2.     The execution of such authorization shall be by any one of the President and/or the
       Secretary;

3.     Upon execution of such authorization by the Corporation and the acceptance of same by
       the Bank, the Corporation shall be bound to follow the procedures outlined in such
       authorization and shall undertake to hold the Bank harmless from and indemnified
       against all loss, costs, damages and expenses arising out of the utilization of such
       instructions and authorizations, except where such loss is due to the Bank's own gross
       negligence or that of its employees.


DATED at _________________ (insert city, province) this ______ day of ________, _______.

The undersigned being all of the directors of the Corporation, hereby adopt the foregoing
resolutions pursuant to the provisions of the Business Corporations Act.




[insert name of director here]                     [insert name of director here]




[insert name of director here]                     [insert name of director here]
        AUTHORIZATION RE: PAYMENT INSTRUCTI
								
To top