Loans
Form 5030 is a board resolution authorizing a loan to a corporate officer or employee.~

Form 5030:     BOARD OF DIRECTORS' RESOLUTION AUTHORIZING LOANS TO DIRECTORS, OFFICERS OR EMPLOYEES~
BOARD OF DIRECTORS' RESOLUTION AUTHORIZING LOANS TO DIRECTORS, OFFICERS OR EMPLOYEES

Upon a duly made, seconded and unanimously adopted motion, the Board of Directors of this Corporation adopted the following resolution:
WHEREAS, the President of this Corporation has presented the Board witha recommendation that the Board of Directors approve a loan to > , the > of this Corporation, and
WHEREAS, the aforementioned > has been a valued officer of this Corporation for the past > , and the Board believes it is in the best interests of the Corporation to assist > in this time of financial difficulties, it is hereby
RESOLVED, that the recommendation of the Corporation's President in his/her report dated > , 19> , a copy of which is attached to the minutes of this meeting, be and hereby is adopted, and the Treasurer of this Corporation is hereby directed to lend, on the behalf of the Corporation, > dollars ($> ) to > on the following terms and conditions:





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)