Scribd
Upload
117 views2 pages

Board Resolution for Land Purchase

The document is a board resolution from a corporation in Davao City, Philippines, authorizing the acquisition of a parcel of land. It details the purchase price, the land's registration information, and designates an authorized representative to handle the acquisition process. The resolution confirms that it was duly passed by the Board of Directors and is recorded in the Minute Book.

Uploaded by

joanmellores89
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
117 views2 pages

Board Resolution for Land Purchase

The document is a board resolution from a corporation in Davao City, Philippines, authorizing the acquisition of a parcel of land. It details the purchase price, the land's registration information, and designates an authorized representative to handle the acquisition process. The resolution confirms that it was duly passed by the Board of Directors and is recorded in the Minute Book.

Uploaded by

joanmellores89
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

REPUBLIC OF THE PHILIPPINES)

CITY OF DAVAO )s.s.


x------------------------------------x

BOARD RESOLUTION OF ___________INC.


TO ACQUIRE _______________
DULY PASSED ON _____________

WHEREAS, it is necessary to acquire a ___________ hence, be it:

RESOLVED, to purchase a parcel of land, with improvements, covered


by TCT No. _____________, situated at___________, containing an area of
_____________ (___) square meters, more or less, registered in the name
of SPOUSES, _______, both of legal ages, Filipinos, married and a resident of
_______________ at a purchase price of ___________ PESOS (PhP _______.00).

“NOW THEREFORE, BE IT RESOLVED that the following resolutions


are adopted:

1. That _______, shall be the authorized representative to accomplish


the said purpose including, but not limited to submitting its offer to
purchase, requirements, and other necessary documents.

2. That in the event that the corporation turns out to purchase the
said parcel of land, register the same under the name of ___________
INC., a domestic corporation duly organized and existing under and
by virtue of the laws of the Philippines, with principal office address
at ____________, Philippines.

3. That he shall represent before the Bureau of Internal Revenue,


Register of Deeds, Assesor’s Office, and other government agencies
which may be necessary or required in performing and
consummating the authority given.

It is hereby certified by the undersigned that the foregoing resolution


was dully passed by the Board of Directors of the above-named Company on
the __________ day of ________________, in accordance with the Memorandum
or By-Laws and Articles of incorporation of the ___________ INC. and the laws
and by-laws governing the ______________INC. and that the said resolution
has been duly recorded in the Minute Book and is in full force and effect.

IN WITNESS WHEREOF, I have hereunto set our hands this ___ day of
_____________ at Davao City, Philippines.
_________________________
Director
Valid I. D. No. _____________
Valid Until:________________
Issued At:_________________

_________________________
Director
Valid I. D. No. _____________
Valid Until:________________
Issued At:_________________

_________________________
Director
Valid I. D. No. _____________
Valid Until:________________
Issued At:_________________

CC:

_______
Incumbent Corporation Secretary of _______

SUBSCRIBED AND SWORN to before me this _____ day of


_____________ at Davao City, Philippines, affiants exhibiting to me their
corresponding competent evidence of identity, shown below their name and
signature.

Doc. No. ________;


Page No. ________;
Book No. ________;
Series of 2023.

You might also like