HomeMy WebLinkAbout0072 C E R T I F I C A T E ~
At a special meeting of the Board of Directors of
Gulf-Atlantic Investments of Fort Pierce, Inc., a Florida corpora-
tion, held at the offices of the corporation's legal counsel, a
quorum being present, the following resolution was adopted;
BE IT HEREBY RESOLVED that the President and Secretary are
hereby authorized to borrow the total sum of $360,000 from
First~Federal Savings and Loan Association of Fort Pierce,
and in order to partially evidence said indebtedness are
authorized to execute and deliver to First Federal Savings
and Loan Association of Fort Pierce on behalf of the
corporation the corporation's promissory note in the princi-
pal sum of $96,267.38, payable 36 months after date, with
interest at the rate of 8$ per annum, interest payable in
monthly installments; said promissory note to be secured by
second mortgage deed encumbering the lands of the corpora-
tion which the President and Secretary are further authorized
- to execute and deliver.
BE IT FURTHER RESOLVED that following the purchase by First
Federal Savings and Loan Association of Fort Pierce of the
first mortgage encumbering the lands of the corporation
held by Bjarne Ursin, dated February 18, 1972, recorded in
O.R. Book 199, page 2268 of the public record5 of St. Lucie
County, Florida, and the promissory note secured thereby at
par ($252,373.90) plus interest accrued to October 6, 1972
($11,358,72), the President and Secretary of the corporation
be and they are hereby authorized to execute on behalf of
the corporation a mortgage consolidation and modification
agreement with First Federal Savings and Loan Association
of Fort Pierce in order to create a consolidated indebted-
ness of $360,000, payable 36 months after date, with interest
at the rate of~8$ per annum until paid, interest payable in
monthly installments, due on the first of each and every
month; said indebtedness to be secured by a first lien on
the lands of the corporation created by merger of the first
and second mortgages herein described.
The undersigned Secretary of Gulf-Atlantic Investments of
Fort Pierce, Inc. certifies that the foregoing is a true and
correct copy of a portion of the minutes of a duly constituted
spec~al meeting of the directors of said corporation held on
~,O~tb}~er 5, 1972, at which meeting there were present Patrick B.
La~,3,y ~d Joseph P. Strazzulla.
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1~:: `o~ff~ted this 6th day of October, 1972.
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f ~ sep P. Strazzulla• ecretary
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; STATE OF FLORIDA
! COUNTY OF ST. LUCIE ~ -
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' I HEREBY CERTIFY that on this day, before me, an officer
t duly authorized in the State and County aforesaid to take acknow-
ledgments, personally appeared Joseph P. Strazzulla, well known
to me to be the Secretary of the corporation named in the foregoing
instrument, and he acknowledged executing the same freely and
voluntarily under authority duly vested in him by said corporation
` and that the seal affixed hereto is the true corporate seal of
~ said corporation.
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' WITNESS my hand and official seal in the county and state
last aforesaid this 6th day of October, 1972.
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~ ST. LIIC~E COU ~ ~
~ ROCER Ft1~TR~5 ~ ' > •
~ CLERK CI~CUIT COURj \a Not ry Public : c,z • ~ , v : ~ - _
RECCa~ ve4;:~~0 ~ ~ ~ .
State of Florida at La"_r
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