(Company Name)

A RESOLUTION AUTHORIZING THE OFFICERS OF THE ASSOCIATION NAMED HEREIN TO

ENTER INTO A CONTRACT WITH _____________________ RELATIVE TO THE
____________________________________ AND TO SIGN ANY PAPERS AND/OR DOCUMENTS
PERTINENT THERETO AND TO RECEIVE THE PROCEEDS FROM __________________

WHEREAS, the ___________________________, through the Association, raised their concern

regarding ______________________;

WHEREAS, the Board finds that the problem at hand needs an immediate action, and that a
_____________________ is seen as a resolution thereto;

WHEREAS, due to the lack of necessary funds, __________________ shall propose to

_________________ to fund the Project to be paid by installments by the Association;

WHEREFORE, after due deliberation and discussion, the Board resolves the following:

RESOLVED AS IT IS HEREBY RESOLVED that, the Association President,

__________________, is authorized, as they do so hereby authorize, to enter into an agreement with
_________________________, relative to the _________________________, and funds for which will be
provided by _______________ in the form of loan;
 
RESOLVED FURTHER that, _____________________, President, is hereby authorized and
empowered, for and on behalf of the Association, to sign, execute, and deliver, all deeds and other instruments,
and to perform such acts and deeds, as may be necessary, convenient or appropriate, in the judgment of the said
person, to implement the intents and purposes of the foregoing Resolution;

RESOLVED FINALLY that, for purposes of receiving the project funds from ___________,
_____________________________ and ______________________, are authorized to be named as payee for
and on behalf of the Association.

RESOLVED AND APPROVED UNANIMOUSLY.

_____________________________________, Philippines, June 01, 2022

___________________ ___________________
Chairman Director

___________________ ___________________
Director Director

___________________ ___________________
Director Director

___________________ ___________________
Director Director
___________________
Director