DIY Legal Forms

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Approving Credit Line

Pursuant to a duly made, seconded and unanimously carried motion, the Board of Directors of [Name] (hereinafter referred to as Corporation), adopted the following measure and resolution:

RESOLVED, that the President of this Corporation is hereby authorized to establish for and in behalf of the Corporation a revolving credit line in the sum of $------, from the [Name] (hereinafter referred to as Bank) on the terms set out in the Revolving Credit Agreement prepared by said Bank and attached to the minutes of this meeting.

The undersigned, [Name], certifies that he or she is the duly appointed Secretary of [Corporation] and that the above is a true, accurate, 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 [Corporation] and have attached the seal of [Corporation] to this resolution.

Dated:

_________________________

Secretary

Seal: