Loans
Form 2120 can be used to authorize borrowing on a line of credit extended by a bank and evidenced by a promissory note. With this resolution, the note can be renewed without further action by the board. This resolution establishes a maximum limit on the amount that can be borrowed on the note.~

Form 2120:     BOARD OF DIRECTORS' RESOLUTION APPROVING CREDIT LINE~
BOARD OF DIRECTORS' RESOLUTION APPROVING CREDIT LINE

Upon a duly made, seconded and carried motion, the Board of Directors of > Corporation, by unanimous vote, adopted the following resolution:
RESOLVED, that the President of this Corporation is hereby authorized to establish for the Corporation a credit line in the sum of > dollars ($> ), from the > Bank, for and in behalf of this
Corporation, on the terms set out in the Revolving Credit Agreement prepared by the > Bank and attached to the minutes of this meeting.

The undersigned, > , certifies that I am the duly appointed Secretary of >  Corporation and that the above is a true and correct copy of a resolution duly adopted at a meeting of the directors thereof, convened and held in accordance with law and the Bylaws of said Corporation on > , 19> , and that such resolution is now in full force and effect.
IN WITNESS THEREOF, I have affixed my name as Secretary of > Corporation and have attached the seal of > Corporation to this resolution.

Secretary
Dated: > , 19> .
(SEAL)