A Board Resolution To Buy Property is essential when a corporation intends to acquire real estate in the United States. This document is required to demonstrate proper corporate authorization and compliance with governance requirements. It typically follows a board meeting where the purchase is approved and should be maintained in corporate records. The resolution specifies the property details, purchase price, financing terms (if any), and names the officers authorized to execute related documents. It's particularly important for corporate record-keeping and may be required by title companies, lenders, or selling parties as evidence of proper authorization.

1. Title and Date: Formal identification of the resolution and date of adoption

2. Recitals: Background information explaining the purpose and context of the resolution, including corporate authority and business justification

3. Property Details: Specific description of the property to be purchased, including address and legal description

4. Purchase Terms: Authorization of purchase price and key terms of the transaction

5. Authority Grant: Authorization of specific officers to execute documents and take necessary actions

6. Certification: Secretary's certification of the resolution's adoption and authenticity