The Acta directorio ford in Franklin serves as the official minutes document for the first board of directors meeting of a corporation. This form outlines critical information, including the date and location of the meeting, the names of directors present, and the election of officers such as the Chairperson and Secretary. It requires the Secretary to present an affidavit or waiver of notice of the meeting and to attach necessary documents, such as Articles of Incorporation and proposed By-Laws. Key features include the ability to establish resolutions for officer salaries, bank account openings, and the acceptance of property or money in exchange for stock shares. Filling out the form involves ensuring all relevant details are accurately filled in, while editing requires an understanding of corporate governance and documentation requirements. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who are involved in corporate formation or management, as it provides a structured format for recording essential governance actions and decisions. By utilizing this document, users can maintain compliance with state regulations and ensure proper corporate record-keeping.