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    Sample Board Res.

    Uploaded by

    Luis Angelo Tabasa
    The board of directors of Disk Drives Unlimited passed a resolution authorizing the company president, Isidro Barrios, to apply for and obtain loans from Howard Banking Inc. to fund the expansion of the company's hard disk drive exporting business. The resolution empowers Barrios to sign documents for loans, credit facilities, and to secure payments by encumbering company assets. The corporate secretary certified that the resolution remains valid and has not been revoked.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Sample Board Res.

    Uploaded by

    Luis Angelo Tabasa
    1K views2 pages
    The board of directors of Disk Drives Unlimited passed a resolution authorizing the company president, Isidro Barrios, to apply for and obtain loans from Howard Banking Inc. to fund the expansion of the company's hard disk drive exporting business. The resolution empowers Barrios to sign documents for loans, credit facilities, and to secure payments by encumbering company assets. The corporate secretary certified that the resolution remains valid and has not been revoked.

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    The board of directors of Disk Drives Unlimited passed a resolution authorizing the company president, Isidro Barrios, to apply for and obtain loans from Howard Banking Inc. to fund the expansion of the company's hard disk drive exporting business. The resolution empowers Barrios to sign documents for loans, credit facilities, and to secure payments by encumbering company assets. The corporate secretary certified that the resolution remains valid and has not been revoked.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    1K views2 pages

    Sample Board Res.

    Uploaded by

    Luis Angelo Tabasa
    The board of directors of Disk Drives Unlimited passed a resolution authorizing the company president, Isidro Barrios, to apply for and obtain loans from Howard Banking Inc. to fund the expansion of the company's hard disk drive exporting business. The resolution empowers Barrios to sign documents for loans, credit facilities, and to secure payments by encumbering company assets. The corporate secretary certified that the resolution remains valid and has not been revoked.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Board Resolution authorizing

    corporate officer to obtain a


    bank loan
    Posted on August 28, 2012 by ALVIN CLARIDADES

    3 Votes

    BOARD RESOLUTION AUTHORIZINGCORPORATE OFFICER


    REPUBLIC OF THE PHILIPPINES }
    MAKATI CITY } S.S.
    SECRETARYS CERTIFICATE
    I, Mary Joy Baybay, Filipino, of legal age, with office address at 1434
    AyalaAvenue, Makati City, after being sworn in accordance with law, do
    hereby depose andstate as follows:
    1. That I am the incumbent Corporate Secretary of Disk Drives Unlimited,
    acorporation duly organized and existing under Philippine laws, with principal
    office at1434 Ayala Avenue, Makati City,;
    2. That during the special meeting of the Board of Directors held on 5
    January2007, wherein a quorum was present and acted throughout, after
    being informed of thenecessity of obtaining loans and/or credit
    accommodation with any banking/ lendinginstitution, to generate funds for
    the purpose of expanding the business of exportinghard disk drives, the
    Board approved the following resolution, to wit:
    RESOLUTION NO. BD-028-2007
    RESOLVED, as it is hereby resolved, that the corporation be empoweredand
    authorized to apply for, negotiate, obtain loans from HOWARDBANKING INC.,
    including the renewal, extension and/or increase, rolloveror restructuring
    thereof, and/or of its existing credit facilities in suchamount(s) and under
    such terms and conditions as may be mutuallyagreed upon, and to secure

    and guarantee the payment of the aforesaidloan or credit facilities by means


    of mortgage, pledge, assignment or anyother form of encumbrance upon any
    and all properties or assets of thecorporation of whatever kind or nature, real
    or personal, as may besufficient or required for the purpose.
    RESOLVED FURTHER, as it is hereby resolved, that ISIDRO BARRIOS,the
    President, be authorized to sign, execute, and deliver any and alldocuments
    including but not limited to loan application, disclosurestatement, purpose
    sheet, application for letters of credit, promissory note,draft, surety
    agreement, trust receipt, mortgages, pledge, assignment, andthe like,
    including the renewals/extensions/increase/amendments/restructuring
    thereof, in orderto effectuate the foregoing matters.

    NAME
    POSITION
    SIGNATURE
    Isidro Barrios
    President

    RESOLVED FINALLY that HOWARD BANKING INC. be furnished a copyof the


    foregoing resolutions for its guidance and may continue to rely onthe
    authority conferred thereon, including the renewal, increase, roll-overand/or
    restructuring thereof, unless and except to the extent that theforegoing
    resolutions shall be revoked or modified by the receipt of anysubsequent
    resolution/s of the Board of Directors of the Corporation.

    3. That the foregoing Resolution remains valid and has not in any manner
    beennovated, revoked, nor repealed to date.
    AFFIANT FURTHER SAYETH NAUGHT.
    Issued this 20th day of March 2007 at Makati City.

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