Republic of the Philippines)
Province of ____________________) S.S.
City/Municipality of _____________)
x – – – – – – – – – x
KNOW ALL MEN BY THESE PRESENTS:
I, the undersigned Corporate Secretary of __Name of Corporation__, INC., a domestic corporation duly organized and existing under and by virtue of the laws of the Republic of the Philippines, DO HEREBY CERTIFY that at a (regular/special) meeting of the Board of Directors of said corporation held at its principal office in _____________, Philippines on _____________, duly called for the purpose, a quorum being present and acted throughout, the following resolutions were unanimously adopted, and are now in full force and effect, to wit:
“RESOLVED, that the Corporation shall apply for and secure a loan or credit accommodation from __Name of Bank / Financing Company__ in such amounts and under such terms and conditions as the Officers authorized herein may deem appropriate and that any TWO of the following three corporate officers: the President _____________; the Vice-President _____________; or Corporate Secretary _____________, be hereby authorized for and in behalf of the corporation to apply and negotiate for the said loan or credit accommodation with __Name of Bank / Financing Company__ in such amounts and under such terms and conditions as they may deem proper, expedient and beneficial to the corporation.”
“RESOLVED, FURTHER, that any TWO of the three corporate officer named herein be hereby authorized to convey to __Name of Bank / Financing Company__, by way of mortgage/pledge/assignment, any and all of the corporate assets of the corporation as security for the credit accommodation extended to the latter and to sign for and in the name of the corporation all mortgages, pledges/assignments and/or other instruments conveying such corporate properties to any person, bank or financing institution by way of security, including applications for loan, promissory notes, deeds of undertaking, and such other documents which may be required by the Bank in connection with the loan or credit accommodation; to negotiate for the renewal or extension of the loan accommodation and to accept all the additional or modified terms and conditions which __Name of Bank / Financing Company__ may impose with full power and authority to sign all such contracts or documents embodying such additional or modified terms and conditions and to do such other acts necessary in furtherance of the foregoing authority.”
IN WITNESS WHEREOF, I have hereunto affixed my signature this _____________ at _____________, Philippines.
Corporate Secretary: Attested to by: