Loans 
Form 2122 authorizes officers to obtain a loan by pledging inventory materials and other property as collateral.~

Form 2122:     SHAREHOLDERS' RESOLUTION FOR BORROWING ON INVENTORY AND EQUIPMENT~
SHAREHOLDERS' RESOLUTION FOR BORROWING ON INVENTORY AND EQUIPMENT

WHEREAS, the Board of Directors of > Corporation has determined that it is necessary for this Corporation to borrow money and that the most favorable terms available can be obtained by offering certain of the Corporation's furniture, fixtures and inventory as collateral for the loan, it is hereby 
RESOLVED, that > , the President of this Corporation is hereby authorized to borrow the sum of > dollars ($> ) from > on the terms set out in the Promissory Note attached to the minutes of this meeting and to execute a mortgage in favor of the Lender covering the furniture, fixtures and the inventory of merchandise set out in the Schedule attached to the minutes of this meeting, and it is
FURTHER RESOLVED, that the President of the Corporation is hereby authorized and directed to provide for creditors of the Corporation all notices required by law to be given to the creditors of the Corporation and to do everything else that may be necessary to complete the transaction authorized by the Board of Directors in this resolution. 
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 shareholders 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)