Board Resolution Sample

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  • Topic: Marikina City, Vice president, San Mateo, Rizal
  • Pages : 3 (606 words )
  • Download(s) : 304
  • Published : November 29, 2012
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B and B Communications Philippines Incorporated

RESOLUTION NO: ____, S-2012

A resolution to open a Current Account with the SECURITY BANK, CUBAO BRANCH was placed before the Board for conducting its day-to-day financial transactions. After discussions, the Board unanimously:

WHEREAS, B AND B COMMUNICATIONS PHILIPPINES INCORPORATED

is a company duly organized and existing in accordance with law, rules and regulations with postal address at ____________________________________________________ Barangay __________________ District _____________, _____________ City;

WHEREAS; the said Bank be instructed to accept and act upon any instructions relating to the account kept in the name of the Company or relating to any transactions of the Company with the Bank, provided the instructions are signed by the authorized signatory(ies) of the Company in the manner mentioned as above.

WHEREAS; the said Bank be instructed to accept receipts for money, deeds, securities or other documents or papers or property or any indemnities given on behalf of the Company provided they are signed by the authorized signatory(ies) of the Company in the manner as mentioned above.

WHEREAS; the bank be furnished with a list of the names of Directors of the Company and a copy of the Memorandum & Articles of Association and be from time to time informed by notice in writing under the hand of the Directors/Authorized Signatory of the Company of any changes which may take place therein and be entitled to act upon any such notice until the receipt of further notice under the hand of any Directors / Authorized Signatory.

WHEREAS; the resolution be communicated to the Bank and remain in force until duly rescinded and notice thereof in writing be given to the Bank by any of the Directors of the Company.

NOW, THEREFORE, BE IT RESOLVED BY THE

B AND B COMMUNICATIONS PHILIPPINES INCORPORATED

During its last regular meeting to authorize as it hereby authorizes the...
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