This form is used when a corporation authorized and directed to execute and deliver an Right of Way and Easement, etc., on the lands in which the corporation owns an interest.
A Delaware corporate resolution to authorize a lease or easement is a formal document that outlines the decision and approval of a lease or easement agreement by the board of directors or shareholders of a Delaware corporation. This resolution is a crucial step in granting the corporation the legal authority to enter into a lease or easement agreement. In Delaware, there may be different types of corporate resolutions to authorize a lease or easement, depending on the specific circumstances and the requirements of the corporation. Some common types of Delaware corporate resolutions related to leases or easements include: 1. General Lease Authorization Resolution: This type of resolution authorizes the corporation to enter into a lease agreement for its real estate property. It outlines the terms and conditions of the lease, including the duration, rental payments, and any additional provisions or restrictions. 2. Specific Property Lease Resolution: If the corporation intends to lease a specific property or multiple properties, a specific property lease resolution may be required. This resolution identifies the property subject to the lease, provides a detailed description of the premises, and authorizes the corporation to proceed with the lease negotiations. 3. Easement Authorization Resolution: An easement authorization resolution grants the corporation the power to create or grant easements on its property. Easements are rights granted to individuals or entities to use a specific portion of the corporation's property for a specific purpose, such as the installation of utility lines or access to neighboring properties. 4. Lease Renewal or Extension Resolution: When the corporation needs to renew or extend an existing lease agreement, a lease renewal or extension resolution is utilized. This resolution describes the terms of the renewal or extension, such as the new lease duration, rental adjustments, and any additional provisions. Keywords: Delaware, corporate resolution, authorize, lease, easement, board of directors, shareholders, legal authority, agreement, circumstances, requirements, real estate property, terms and conditions, specific property, premises, negotiations, power, grant, easements, rights, utility lines, access, neighboring properties, renewal, extension.
