Resolution Sale of Real Estate by tic11239


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This document should be used by the Board of Directors when
selling or leasing real estate.

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.

For additional assistance or
call 888/872-6601)

Otherwise the following text should be reviewed and edited as needed:

WHEREAS, the Board of Directors has determined that it will be in the best interests of
the [COMPANY NAME] Corporation to sell certain of its real property and to lease the
same back from the purchasers, it is hereby:

       RESOLVED, that this Corporation sell the parcel of real property it owns and that
       is located at [ADDRESS], in the City of [CITY], in the State of [STATE], and
       that is described in the Deed attached to the minutes of this meeting, to the
       [COMPANY NAME] Company, on the terms set out in the attached Deed, and
       that concurrently with that transfer, the Corporation shall take back a lease thereof
       from [BUYER], the buyer, on the terms set out in the Lease attached to the
       minutes of this meeting; and it is

       FURTHER RESOLVED, that the President and Secretary of this Corporation are
       hereby authorized to act in behalf of the Corporation and to execute and deliver
       the Deed, Lease and such other instruments as may be required in connection with
       the sale and leaseback of the above mentioned real estate and to affix the
       corporate seal of this Corporation to such documents.

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]

Dated: [DATE]


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