BOARD RESOLUTION
I, ______________, of legal age, single and a resident of
____________________ being sworn, depose and state that:
1. I am duly elected and qualified Corporate Secretary of
___________________, a CORPORATION duly organized and existing
under by virtue of the Republic of the Philippines, with principal address
at__________________;
2. At the regular meeting of the Board of Directors of the CORPORATION held
on ______________ at ____________________, the following resolution was
unanimously approved, a quorum being present and voting.
RESOLUTION
RESOLVE, that “name of bank” be, and is hereby, designated a depository of the
funds /monies of the CORPORATION, be and is hereby authorized to open savings,
time and current and/or trust accounts with “name of bank-branch”
RESOLVE, FURTHER that any one of the following be authorized to (i) sign,
execute, and/or deliver any and all documents in connection with the opening of any
account/s with or investment of any funds through “name of bank”; (ii) to withdraw or
transfer the funds/monies of the CORPORATION by checks, receipts, drafts, bills of
exchange, withdrawal slips, orders for payment or otherwise, (iii) to sign, endorse, draw,
accept, make, execute and/or deliver, negotiate payment, deposit of collection, checks,
receipts, draft, bill of exchange, order for payment and/or other similar instrument in
connection with the account/s; (iv) to close the account/s, received the balances thereof
and sign any or all the documents which the “name of bank” may require in connection
therewith; and (v) to avail of all other banking services, apply for and enroll in electronic
banking channels and appoints its authorized users;
NAME POSITION SPECIMEN SIGNATURE
________________ ___________________ ________________________
_________________ ___________________ ________________________
________________ ___________________ ________________________
_________________ ___________________ ________________________
RESOLVE, FURTHERMORE, that “name of bank”, its directors, officers,
employees, agents or authorized representative are entitled and authorized, agents or
authorized to rely on this instruction as valid, binding and effective upon the
CORPORATION and that “name of bank”, its directors, officers, employees, agents or
authorized representative shall not be liable for any act done or suffered by them in
reliance of the above instructions, it being understood that any and all risks and costs
arising from the above instructions shall be for the CORPORATION’S sole and
exclusive account
3. That the CORPORATION has a Board of Directors composed of five
members and that the following are the current members of the board of
directors elected in the annual meeting of stockholders held on
____________________.
NAME POSITION SPECIMEN
SIGNATURE
___________________ _________________ ____________________
___________________ _________________ ____________________
___________________ _________________ ____________________
___________________ _________________ ____________________
That the principal officers of the CORPORATION elected in the Organization
meeting of the Board of Directors held on ______________________ are as follows:
NAME POSITION SPECIMEN
SIGNATURE
___________________ _________________ ____________________
___________________ _________________ ____________________
___________________ _________________ ____________________
___________________ _________________ ____________________
4. That the foregoing information are valid and binding in accordance with the
records of the CORPORATION and Securities and Exchange Commission
(SEC).
5. That the above RESOLUTION is valid, binding and subsisting and shall
continue to be valid, binding and subsisting per instruction of the
CORPORATION, as such “name of bank”, its directors, officers, employees,
agents or authorized representative have the right to rely upon said
RESOLUTION until and unless “name of bank” has received an original copy
of subsequent Secretary’s Certificate or Board Resolution expressly
superseding/invalidating the above referred Resolution.
CORPORATE SECRETARY
SUBSCRIBED AND SWORN TO before me, this _______________ in Baguio
City, Philippines, affiant exhibiting to me a competent proof of identification.
Doc. No. ________;
Page No. ________;
Book No. ________;
Series of 2026.