Dividends Paid with Loan
Form 3031 can be used to authorize the transfer and to instruct the accounting firm to adjust the company's financial statements and records accordingly.~

Form 3031:     BOARD OF DIRECTORS' RESOLUTION AUTHORIZING ADJUSTMENT IN SURPLUS AFTER REAPPRAISAL OF ASSETS~
BOARD OF DIRECTORS' RESOLUTION AUTHORIZING ADJUSTMENT IN SURPLUS AFTER REAPPRAISAL OF ASSETS

Upon a duly made, seconded and unanimously carried motion, the Board of Directors of this Corporation adopted the following resolution:
WHEREAS, this Board directed the President of this Corporation to retain the services of an independent appraisal firm to appraise the assets, both real and personal, tangible and intangible, of this Corporation, and
WHEREAS, the President in fact retained the firm of > to perform the appraisal requested by the
Board, and 
WHEREAS, the firm of > reported that the Corporation's assets as carried on its books have a total value of > dollars ($> ) less than their true market value, it is hereby:
RESOLVED, that the values of the Corporation's various assets as shown in the report by the firm of > , dated  > , 19> , a copy of which is attached to the minutes of this meeting, shall be accepted as the value of the Corporation's assets and shall be carried on the Corporation's books at the values shown in that report, and it is
FURTHER RESOLVED, that the Treasurer of the Corporation is hereby directed to make such changes to the books of the Corporation as are necessary for those books to reflect the true market values of the assets of this Corporation as shown in the report of the firm of > .
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)