Resolution to Authorize Borrowing on a Line of Credit

WHEREAS, this Corporation desires to borrow money, be it:

RESOLVED, that the proper officers of this Corporation are hereby authorized to borrow from the _______________________________ Bank, for and in behalf of this Corporation, a sum not to exceed _______________________________ , (_______________________________) on a promissory note maturing (_______________) days from the date hereof, to be signed by the proper officers of this Corporation, and to bear interest not to exceed the rate of _______________________________ percent, (____________________%) per annum, and with the additional privilege of renewing the balance of said loan at its maturity, for another period of _______________________________ (_______________________________) days, and the proper officers of this Corporation are hereby authorized and directed to sign any new or renewal note or notes required by _______________________________ Bank to carry out the provisions of this resolution, which new note or notes shall bear such rate of interest as shall be agreed upon between this Corporation and the _______________________________ Bank at the time of such renewal or renewals.

The undersigned hereby certifies that he/she is the duly elected and qualified Secretary and the custodian of the books and records and seal of _______________________________,a corporation duly formed pursuant to the laws of the state of _______________________________ and that the foregoing is a true record of a resolution duly adopted at a meeting of the _______________________________ and that said meeting was held in accordance with state law and the Bylaws of the above-named Corporation on _______________________________,and that said resolution is now in full force and effect without modification or rescission.

IN WITNESS WHEREOF, I have executed my name as Secretary and have hereunto affixed the corporate seal of the above-named Corporation this _______________________________, _______________________________ of _______________________________.

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Secretary