Draft resolution for Fixed deposit loan

MESOTHELIOMA LAW FIRM CO. LTD

Resolution in writing of the Members of the Derectors of Mesothelioma law firm Co. Ltd Condominium Plan No. 3878 adopted by circulation on 08^th May, 2013.

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FIXED DEPOSIT OVERDRAFT FACILITY –       PEOPLE’S BANK

                                                                        LKR 3,500,000.00

                                                                        Current Account No: 309100122254585

           

We the undersigned being the Derectors of Mesothelioma law firm Co. Ltd, Condominium Plan No.3878 (hereinafter referred as the “Mesolioma”)

HEREBY RESOLVE:

That the Management Corporation obtains an overdraft facility of Rupees Three Million Five hundred thousand (Rs. 3,500,000/=) only from Peoples bank, Liberty Plaza, against the following fixed Deposit Certificates for Rupees Three Million Eight Hundred And Eighty Nine Thousand Seven Hundred Thirty Three Cents Twenty Five (Rs. 3,889,733.25) Of Peoples Bank Liberty Plaza.

Certificate No	Rate	Amount
309-60-01-00003581-5	11.5%	1,000,000.00
309-60-01-00003582-0	11.5%	1,731,610.42
309-60-01-00003583-7	11.5%	1,158,122.83
Total		3,889,733.25

Further Resolved:

That any two Directors of the Company be and are hereby authorized to sign any document in connection with obtaining the above facility

NAMES OF THE COUNCIL MEMBERS                                     SIGNATURE

Dr. _____ Obama Silva                                                            ………………………

(Chairman)

Prof.  ______ Ratnapala                                                          ………………………

(Council Member)