By-Law Approving Borrowing of Money Template

This by-law approving borrowing of money template has 2 pages and is a MS Word file type listed under our business plan kit documents.

Sample of our by-law approving borrowing of money template:

BY-LAW - APPROVING BORROWING OF MONEY This By-Law - Approving Borrowing of Money (the "Agreement") is effective [DATE], BETWEEN: [SERVICE PROVIDER] (the "Service Provider"), an individual with his main address located at OR a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the "Company"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] Being a by-law recognized as By-law No [NUMBER], pertaining to the general borrowing of money by the Corporation BORROWING: The directors may from time to time: (a) Borrow money upon the credit of the Corporation; (b) Limit or increase the amount to be borrowed; (c) Issue debentures or other securities of the Corporation; (d) Pledge or sell such debentures or other securities for such sums and at such prices as may be deemed expedient;