DIY Legal Forms

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Authorize Additional Cash Dividend

WHEREAS, there are sufficient surplus net earnings of this Corporation to justify the declaration of a larger than customary dividend; be it

RESOLVED, that an additional dividend of (--%) is herewith declared upon the common stock of the Corporation, payable on [Date], to stockholders of record at the close of business on [Date].

The undersigned hereby certifies that [Name] is the duly elected and qualified Secretary and the custodian of the books and records and seal of [Name], a corporation duly formed pursuant to the laws of the State of [State], and that the foregoing is a true record of a resolution duly adopted at a meeting of the Board of Directors, and that said meeting was held in accordance with state law and the Bylaws of the above named Corporation on [Date], and that said resolution is now in full force and effect without modification or rescission.

IN WITNESS WHEREOF, I have executed my name as Secretary and have hereunto affixed the corporate seal of the above named Corporation on [Date].

A True Record.

Attest.

Secretary