Professional Documents
Culture Documents
Board Resolution Authorizing Loan (Sample)
Board Resolution Authorizing Loan (Sample)
MARNELLIE E. BAUTISTA
RICHIE D. RABAGO
Absent:
NONE
DUMALAHAY,
TO
ENTER
INTO
LOANS
AND
ACCESSORY
AGREEMENTS WITH THE EYRIE BANK, INC. (MALAYBALAY BRANCH), FOR AND IN
BEHALF OF THE SUMPONG KEYSTONE LEARNING CENTER, INC. AS STATED
BELOW:
WHEREAS, SUMPONG KEYSTONE LEARNING CENTER, INC. a non-stock, nonprofit educational institution, seeks to advance its goal of holistic student development in
line with its stated Purposes in the Articles of Incorporation;
WHEREAS, this goal can best be achieved by the construction and operation of additional
facilities, such as the proposed One (1) Storey Classroom / Library Building at Sta.
Cruz Street, Sumpong, Malaybalay City, in the total estimated amount of Six Million Pesos
( 6,000,000.00);
WHEREAS, the present funds of the corporation are not sufficient to undertake said
project without the assistance of lending facilities;
THEREFORE; after thorough deliberation and on motion by Board Member KIM CARLO
F. TANGIAN duly seconded by Chairman of the Board JOHN ALEXANDER S.
BELDEROL, it was,
mortgages,
pledge,
assignment,
and
the
like,
including
the
NAME :
Corporate Manager
POSITION :
SIGNATURE :
UNANIMOUSLY CARRIED:
January 22, 2014
WE CONCUR:
Vice - President
MARNELLIE E. BAUTISTA
RICHIE D. RABAGO
Secretary
Treasurer
MARNELLIE E. BAUTISTA
Corporate Secretary
ATTESTED BY:
SECRETARYS
CERTIFICATE
I, Marnellie E. Bautista, Filipino, of legal age, with office address at Sta. Cruz Street,
Sumpong, Malaybalay City, after being sworn in accordance with law, do hereby depose and
state as follows:
2. That during the regular meeting of the Board of Trustees held on 22 January 2014,
wherein a quorum was present and acted throughout, after being informed of the necessity
of obtaining loans and/or credit accommodation with any banking / lending institution, to
generate funds for the purpose of constructing a One (1) Storey Classroom / Library
Building, the Board approved the following resolution, to wit:
NAME :
POSITION :
Corporate Manager
SIGNATURE :
RESOLVED, FINALLY that EYRIE BANK, INC. (MALAYBALAY BRANCH) be
furnished a copy of the foregoing resolutions for its guidance and may continue to rely on the
authority conferred thereon, including the renewal, increase, roll-over and/or restructuring
thereof, unless and except to the extent that the foregoing resolutions shall be revoked or
modified by the receipt of any subsequent resolution/s of the Board of Trustees of the
Corporation.
UNANIMOUSLY CARRIED:
3. That the foregoing Resolution remains valid and has not in any manner been novated,
revoked, nor repealed to date. AFFIANT FURTHER SAYETH NAUGHT. Issued this 22 nd
day of January 2014, at Malaybalay City.
MARNELLIE E. BAUTISTA
Corporate Secretary
SUBSCRIBED AND SWORN to before me, a Notary Public, for and in the City of
BAUTISTA with Bukidnon State University Employees I.D. F 410 issued in the City
of Malaybalay on the 14th of June 2011.
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