Board Resolution Approving Purchase of Property

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Sample resolution to be approved by a board of directors approving the purchase of a particular property.

Format: word_icon Microsoft Word

BOARD RESOLUTION APPROVING PURCHASE OF PROPERTY

WHEREAS, it is deemed desirable and in the best interests of this corporation that the following actions be taken by the Directors of this corporation pursuant to this Resolution,

NOW, THEREFORE, BE IT RESOLVED that, pursuant to applicable law, the undersigned, being all of the Directors of this corporation, hereby consent to, approve, and adopt the following:

PURCHASE OF PROPERTY.

WHEREAS, the Board of Directors deems it desirable and in the best interests of this corporation to acquire that certain property located at [address of property], in the City of __________ and County of __________, State of __________ (the "Property").

NOW, THEREFORE, BE IT RESOLVED, that this corporation acquire the Property [for such price and....

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