Login

Fillable Printable Certificate of Directors' Resolution to Mortgage Corporate Property

Fillable Printable Certificate of Directors' Resolution to Mortgage Corporate Property

Certificate of Directors' Resolution to Mortgage Corporate Property

Certificate of Directors' Resolution to Mortgage Corporate Property

— Certificate of Directors’ Resolution to Mortgage Corporate Property —
CONSULT YOUR LAWYER BEFORE SIGNING THIS INSTRUMENT—THIS INSTRUMENT SHOULD BE USED BY LAWYERS ONLY.
——————————————————
The undersigned, the secretary of      , a New York corporation,
     
DOES HEREBY CERTIFY:
1. At a meeting of the board of directors of the above mentioned corporation, duly called and held this day at which a
quorum was present and acted throughout, the board of directors unanimously adopted the following resolution, which has
not been modified or rescinded:
RESOLVED, that the corporation execute and deliver to      
or to any other person or corporation a mortgage covering the property owned by said corporation located at
     
such mortgage to be for the sum of       to secure payment of a note of the corporation, bearing
even date therewith, conditioned for the payment of said sum, with interest thereon.
that said note and mortgage      
be in such form and contain such interest rate or rates, time of payment, including installment payments, and such
other terms, provisions, conditions, stipulations and agreements as the officer of the corporation executing the same
may deem proper and advisable; and that the president or vice president or any other officer of the corporation be and
each of them hereby is authorized to execute and deliver such note and mortgage and such other instruments as such
officer may deem proper and advisable and to affix the seal of the corporation thereto.
2. Neither the certificate of incorporation nor the by-laws contain any special requirement as to the number of
directors required to pass such resolution.
3. The certificate of incorporation of the corporation does not require any vote or consent of shareholders to authorize
the making of such mortgage.
This certificate is made and delivered in order to induce the lender referred to in the foregoing resolution to make the loan
and accept the mortgage referred to therein and to induce any title insurance company to issue a policy of title insurance
insuring to such lender the validity and priority of such mortgage.
IN WITNESS WHEREOF, the undersigned has hereto affixed       hand and the seal of the above mentioned
corporation this       day of       in the year       .
_________________________________________
(Corporate Seal)
STATE OF NEW YORK
ss.:
COUNTY OF      
On the       day of      ,       before me came       to me known and known to me to be the individual
described in and who executed the foregoing certificate and acknowledged to me that he executed the same.
_________________________________________
Notary Public
Note: The mortgage should contain the following recital: “The execution of this mortgage has been duly authorized by the board of
directors of the mortgagor.”
See Section 911 of the Business Corporation Law.
Subdivision (e) of Section 715 of said law provides that the offices of president and secretary may not be held by the same person.
Title No.      
Certicate of Directors’
Resolution to Mortgage
Corporate Property
DISTRIBUTED BY
The Judicial Title Insurance Agency LLC
800-281-TITLE (8485) FAX: 800-FAX-9396
Login to HandyPDF
Tips: Editig or filling the file you need via PC is much more easier!
By logging in, you indicate that you have read and agree our Terms and Privacy Policy.