Name of the CA

BOARD RESOLUTION UNDERTAKING SUBSTITUTIONS FOR

MEMBER-BENEFICIARIES

Resolution No. ____

WHEREAS, the community is tasked to undertake the substitution of member-

beneficiaries who have:

1. Voluntarily withdrawn/waived their rights over the lots allocated/awarded to

them;
2. Reasons other than voluntary withdrawal (please state)

WHEREAS, the subject substitutes, verified as non-recipients of government

housing assistance, accepted the lots and the responsibility of religiously paying the
monthly amortization and other assessment fees of the association;

NOW, THEREFORE, the Board of Directors resolved, as it is hereby resolved, that

the names of substitutes listed hereunder be considered as amendments to the
masterlist of beneficiaries of the association.

Blk. # Lot # Name of Lot Awardees Name of Substitute/Address

DONE THIS ________ day of _______ in the office of (Name of CA and its address)

(INDICATE THE NAMES AND SIGNATURES OF THE OFFICERS/BOARD OF

DIRECTORS)

SUBSCRIBED AND SWORN to before me this ____________ of 2010, (place

executed the resolution).

NOTARY PUBLIC

Doc. No. ____

Book No. ____
Page No. ____
Series of 2010