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Get the free borrowing resoluiton - includes both resolutions.doc - ewashtenaw

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This document outlines the resolution adopted by the Board of Commissioners of Washtenaw County to authorize borrowing against anticipated delinquent real property taxes for the year 2008. It includes
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A borrowing resolution typically includes the terms and conditions of the borrowing, such as the amount to be borrowed, the interest rate, the repayment terms, and any collateral or guarantees required.
The borrowing resolution is typically filed by the entity or individual seeking to borrow funds. This could be a corporation, government entity, or individual borrower.
To fill out a borrowing resolution, you typically need to include the necessary details such as the borrower's name, the amount to be borrowed, the purpose of the borrowing, and any other relevant information required by the lender or governing body.
The purpose of a borrowing resolution is to document the borrowing transaction and provide a legal basis for the borrowing. It ensures that all parties involved understand the terms and conditions of the borrowing and protects the rights and interests of the borrower and lender.
The information reported on a borrowing resolution may vary depending on the specific requirements of the lender or governing body. Generally, it would include details about the borrower, the amount borrowed, the purpose of the borrowing, the repayment terms, and any collateral or guarantees provided.
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