Corporate Resolutions

Resolution to Convert Excess Depreciation to Surplus

WHEREAS dollars ($) has been assigned to the depreciation account on the Corporation's accounting records for the period running from to , and WHEREAS , () has been assigned to the reserve for depreciation on the accounting records of the Corporation, and WHEREAS the value of the real property upon which said depreciation and reserve for depreciation charges and credits were made has been determined to be , () it is hereby:

RESOLVED that the Treasurer of this Corporation is hereby authorized and directed to transfer on the Corporation's accounting records , () from the Corporation's reserve for buildings account to the Corporation's surplus account.

The undersigned hereby certifies that he/she is the duly elected and qualified Secretary and the custodian of the books and records and seal of ,a corporation duly formed pursuant to the laws of the state of and that the foregoing is a true record of a resolution duly adopted at a meeting of the and that said meeting was held in accordance with state law and the Bylaws of the above-named Corporation on ,and that said resolution is now in full force and effect without modification or rescission.

IN WITNESS WHEREOF, I have executed my name as Secretary and have hereunto affixed the corporate seal of the above-named Corporation this , of .