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(Microsoft Word - Secretary - 222s Certificate For Auto Loans - Corporate Borrowers

This Secretary's Certificate confirms the authorization of a corporation to purchase a motor vehicle through a loan from Philippine Savings Bank, with the vehicle serving as collateral. It details the resolutions approved by the Board of Directors, including the appointment of authorized representatives to execute necessary documents for the transaction. The document is signed by the Corporate Secretary and notarized, affirming its validity until amended or revoked.

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2 views1 page

(Microsoft Word - Secretary - 222s Certificate For Auto Loans - Corporate Borrowers

This Secretary's Certificate confirms the authorization of a corporation to purchase a motor vehicle through a loan from Philippine Savings Bank, with the vehicle serving as collateral. It details the resolutions approved by the Board of Directors, including the appointment of authorized representatives to execute necessary documents for the transaction. The document is signed by the Corporate Secretary and notarized, affirming its validity until amended or revoked.

Uploaded by

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

KNOW ALL MEN BY THESE PRESENTS:

I _____________________________ of legal age, married/single and with office address at


______________________________________ after having been sworn in accordance with law, hereby depose and say:

1. That I am the Corporate Secretary of ____________________________, a corporation organized and existing under and
by virtue of the laws of the Philippines, with principal office at
__________________________________________________________( the 'Corporation").

2. That at the regular/special meeting of the Board of Directors of the Corporation held on ______________________,
20______ at which a majority was present, the following resolutions were unanimously approved:

“RESOLVED, that the Corporation is authorized to purchase a motor


vehicle/s through a loan ( the "Loan") obtained from Philippine Savings Bank
( the "Bank");

“RESOLVED FURTHER, that as security for the Loan, the Corporation is


authorized to mortgage in favor of the Bank the same motor vehicle to be
purchased out of the proceeds of the Loan.

“RESOLVED EVEN FURTHER, as it is hereby resolved, that the following be


authorized either singly or jointly to act for and in behalf of the Corporation and
enter into a contract for the purchase of the said motor vehicle, of any brand,
model, or specification that may be acceptable to our said authorized
representative/s; to sign, execute, deliver, or endorse the promissory note, loan
agreement, chattel mortgage and affidavit of good faith, sureties, guarantees,
pledges, deposits, trusts and other instruments of whatever kind and nature
which are necessary to effect the transaction authorized herein:

Title Name Specimen Signature

_________________ __________________ ____________________

“RESOLVED FINALLY, that the specimen signature/s appearing above is/are the
authentic and genuine signature/s of the officer/s authorized to sign and bind the
Corporation by virtue of the aforesaid resolution.

3. That the foregoing resolutions are valid, in full force and effect until notice of its amendment or revocation is
furnished to the Bank.

IN WITNESS WHEREOF, I have hereunto affixed my signature this ____ day of ______________, 20______ at
_____________________.

____________________

Corporate Secretary

SUBSCRIBED AND SWORN TO before me this _____________ day of ______________________ of _________________,


20 ________ affiant exhibiting to me his valid government issued ID __________________ issued on
____________________________ at____________________

NOTARY PUBLIC

Doc. No. ________________


Book No._________________
Page No._________________
Series of 20 ______________

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