Resolution - Acceptance of Offer to Exchange Realty for Shares of Corporation

Whereas, __________(1)____________, the owner of certain real
estate situated at __________(2)___________ in the City of
______(3)________, County of ________(4)____________, State of
________(5)___________, has offered to sell to the
_____(6)______ Corporation (hereinafter sometimes referred to
as the "Corporation"), the real estate, as more particularly
described in the offer attached hereto, for the issuance to
him of __(7)__ percent of the authorized stock of the
Corporation, fully paid and nonassessable; and

Whereas, the previously described real estate is valuable for
the use and lawful purpose of the Corporation;

Now, therefore, be it resolved that the board of directors of
the Corporation accept the offer and agree, on receipt of the
deed transferring the real estate to the Corporation, to issue
all
authorized stock of the Corporation, fully paid and
nonassessable, in full payment thereof.

By the Board of Directors, this resolution is adopted
________(8)______________.

_____________(9)_______________
Chairman, Board of Directors

Notice

The information in this document is designed to provide an outline that you can follow when formulating business or personal plans. Due to the variances of many local, city, county and state laws, we recommend that you seek professional legal counseling before entering into any contract or agreement.


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