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January 18, 2018, Board Member: RE: RESOLUTION AUTHORIZING SALE OF LAND LOCATED AT EAST WISE ROAD AND SOUTH SUMMIT DRIVE IN THE VILLAGE OF SCHAUMBURG Pursuant to section 105 ILLS 5/522 of the Illinois

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How to fill out resolution authorizing sale of

01

Review the bylaws and regulations of the organization to determine the process for authorizing the sale of assets.

02

Schedule a meeting with the board of directors or relevant decision-making body to formally introduce the resolution authorizing the sale of assets.

03

Present the details of the sale, including the reason for the sale, the assets to be sold, and the proposed sale price.

04

Allow for a discussion and debate on the resolution before calling for a vote.

05

Obtain a majority vote from the board of directors or decision-making body to approve the resolution authorizing the sale of assets.

06

Document the approval of the resolution and ensure that it is properly filed and recorded for legal purposes.

Who needs resolution authorizing sale of?

01

Any organization or entity looking to sell assets or properties may need a resolution authorizing the sale of assets.

02

This could include businesses, non-profit organizations, homeowners associations, or any other entity that owns assets and requires formal approval to sell them.

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What is resolution authorizing sale of?

Resolution authorizing sale of is a legal document that gives permission for the sale of assets or property.

Who is required to file resolution authorizing sale of?

The board of directors or the governing body of a company is usually required to file a resolution authorizing sale of.

How to fill out resolution authorizing sale of?

Resolution authorizing sale of should be filled out by stating the purpose of the sale, describing the assets or property to be sold, and obtaining signatures from authorized individuals.

What is the purpose of resolution authorizing sale of?

The purpose of resolution authorizing sale of is to ensure that the sale of assets or property is authorized by the appropriate parties within a company.

What information must be reported on resolution authorizing sale of?

Information such as the reason for the sale, the details of the assets or property being sold, and the approval of the board of directors or governing body must be reported on resolution authorizing sale of.

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