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Resolution - Acceptance of Offer to Exchange
Realty For Shares of Corporation
Whereas, __________(1)____________, the
owner of certain real estate situated at __________(2)___________
in the City of ______(3)________, County of ________(4)____________,
State of ________(5)___________, has offered to sell to the
_____(6)______ Corporation (hereinafter sometimes referred to
as the "Corporation"), the real estate, as more particularly
described in the offer attached hereto, for the issuance to
him of __(7)__ percent of the authorized stock of the Corporation,
fully paid and nonassessable; and
Whereas, the previously described real estate is valuable
for the use and lawful purpose of the Corporation;
Now, therefore, be it resolved that the board of directors
of the Corporation accept the offer and agree, on receipt
of the deed transferring the real estate to the Corporation,
to issue all authorized stock of the Corporation, fully paid
and nonassessable, in full payment thereof.
By the Board of Directors, this resolution is adopted ________(8)______________.
_____________(9)_______________ Chairman, Board of Directors
The information in this document is designed to provide an
outline that you can follow when formulating business or personal
plans. Due to the variances of many local, city, county and
state laws, we recommend that you seek professional legal
counseling before entering into any contract or agreement.
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