[From: Free Document Downloads at TheSmallBusinessOwnersManual.com] This document should be used by the Board of Directors when authorizing the president’s expense account. 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]” If there are dates in this document, they will automatically change to today’s date.
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Otherwise the following text should be reviewed and edited as needed:
BOARD OF DIRECTORS' RESOLUTION AUTHORIZING PRESIDENT'S EXPENSE ACCOUNT
Upon a duly made, seconded and unanimously adopted motion, the Board of Directors of this Corporation adopted the following resolution: WHEREAS, the Board of Directors has determined that the duties of the President of this Corporation now require him to travel to various locations and to entertain prospective clients on a regular basis, it is hereby: RESOLVED, that [PRESIDENT NAME], the President of this Corporation is hereby authorized to open a credit card charge account in the name of this Corporation with the [FINANCE COMPANY NAME] finance company and to list himself as an authorized user of the credit card issued in connection with the credit card charge account and to charge to that account all expenses the President will incur on the Corporation's behalf related to travel and/or entertainment. 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