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CORPORATE RESOLUTION
OF _
BEARS NEST
At a special meeting of the stockholders and directors of
BEARS NEST, held at the offices of the company located on S-10,
Route #17, Paramus, New Hersey, wherein all of the otttcers and
directors +rere present, the following resolution was proposed and
unani®ously ac3apted~
"RESOlVEO, that after eeview of the Forebearance
and Noditioation Agreement prepared for the purpose of
working out the necessary extenalon of the Mortgage '
and Security Agreements, covering the real and pecsonal
property of BEARS NEST, located in North Beach, Fort Pierce,
Florida, better known as The Ramada Inn, it appears that it
would be in the beat interest of BEARS NEST, it the officers
of this corporation are authorized to sign all documents.
mortgages and security agreements in furtherance of the terms
and conditions of said Forebearanoe and Noditioation Agree-
ment= and it is further
RESOLVED,-that Ceorge A. Costa as President, and Esther
Kearney, as Secretary, be and they are hereby authorized to
execute all the documentation as described above and to
deliver same to liberty Lite Insurance Company and/or their
representatives."
I, ESTHER KEARNEY, Secretary of BEARS NEST, a corporation^
_ot the State of New jersey, certify that the foregoing is a true copy
of a Resolution a~+ it appears in the records of the corporation and
was duly adopted at a meeting of the 9oard of Directors of the corpor-
ation called for that purpose and held on 1~w~--~ ~s~ , 1979, pursuant to
and in accordance with the Certificate of Incorporation.
C . i'
ESTHER KEARNEY, Secretary
~a~K 32~ P~~F 67U