This is a model Board Resolution for opening a Bank Locker by a company.
RESOLVED THAT a safe deposit locker in the name
of the Company be opened in the vault of <name
and branch of the bank> (hereinafter referred to as “………………………”) and that
__________________________ (Name), the Managing Director of the Company be and is hereby authorised to
enter into an Agreement with …………………………………. for the hiring of the said safe deposit locker and to sign any
and all documents which may be required by ………………………… for the aforesaid purpose.
RESOLVED FURTHER THAT <XXXXXXXXXXXXXXX> and
is/are hereby appointed and authorised on behalf of the Company to deposit
documents and other articles in the said safe deposit locker; to withdraw and
deal with the contents therein; to sign and do all acts and things necessary in
connection with ……………………………..’s Terms and Conditions governing the hire of Safe
Deposit Locker.
That ……………………. be and is hereby authorised to
permit access to the said Safe Deposit Locker
and to honour any instruments signed by any of the aforesaid officers or
new officers in respect of whom it has received such certificate or
certificates
That the Managing Director of the Company be
and is hereby authorised to certify to ……………………. the name and specimen of his signature of the aforesaid
officer and in the case of any change in the aforesaid appointment
and authorisation to inform ……………………………… of
such change and to certify to ………………………the names of any new officers and the
offices respectively held by them together with specimens of their signatures;
and it is hereby resolved that such certificate shall have the same force and
effect as if the said new officers were named in this Resolution.
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