, that the Company is hereby authorized to purchase the Property for a total purchase price not to exceed $[Amount];
A corporate resolution is a formal document that records a major decision made by a company’s Board of Directors or shareholders. When a business wants to purchase real estate, the resolution serves as the official "story" of how and why that decision was made. The Purpose of the Resolution corporate resolution to buy property
: It specifies exactly what property is being bought, the price range, and who is authorized to handle the transaction. Key Elements of the Story , that the Company is hereby authorized to
: The core of the story where the board formally votes to authorize the purchase. the price range