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.
North Carolina Corporate Resolution to Authorize a Lease or Easement is a legal document used by corporations in North Carolina to grant permission for the lease or easement of their property or premises. It serves as an official authorization and ensures that the corporation's interests are protected during the leasing or easement process. Here are some important details to include in a detailed description of this document: 1. Purpose: A North Carolina Corporate Resolution to Authorize a Lease or Easement outlines the purpose of granting the lease or easement. This could include reasons such as maximizing property utilization, generating rental income, accommodating utility installations, granting access to neighboring properties, or any other legitimate business purposes. 2. Parties Involved: The resolution should specify the corporation and its legal identity, such as its name, registered address, and relevant identification details. Additionally, the resolution may include the name(s) and contact information of the lessee(s) or party(IES) seeking the easement. 3. Property Description: The resolution should include a comprehensive description of the property or premises being leased or where the easement will be granted. This includes accurate details such as the address, boundaries, and any pertinent survey information. It is crucial to provide an accurate and unambiguous description to avoid any future disputes. 4. Lease or Easement Terms: The resolution should outline the specific terms and conditions of the lease or easement agreement. This includes the duration of the lease or easement period, the agreed-upon rental amount or compensation, any renewal options, payment schedules, and any additional obligations or responsibilities of the parties involved. 5. Corporate Authority: The resolution should clearly state that the corporation has the legal power and authority to enter into such agreements. It should mention that the board of directors or the shareholders of the corporation have duly authorized the grant of the lease or easement by passing a resolution in accordance with the bylaws or operating agreement. 6. Board Approval: The resolution should demonstrate that the board of directors met, discussed, and voted on the lease or easement proposal. It should document the date of the board meeting, the number of directors present, their voting decisions (in favor or against), and the outcome of the vote. 7. Execution and Notarization: The resolution should include a signature section for the relevant corporate officers or individuals authorized to act on behalf of the corporation. These signatures should be notarized to ensure the resolution's validity. Types of North Carolina Corporate Resolution to Authorize a Lease or Easement: 1. General Lease Authorization Resolution: This resolution grants the corporation the authority to enter into lease agreements related to its property or premises. 2. Specific Lease Authorization Resolution: This resolution authorizes a specific lease agreement for a particular property or premises. It outlines the details and terms of the lease agreement, allowing the corporation to enter into a specific arrangement. 3. Easement Authorization Resolution: This resolution grants the corporation the authority to create easements on its property, authorizing access or use of the property by a third party for specific purposes, such as utility installation, road access, or other beneficial arrangements. When drafting a North Carolina Corporate Resolution to Authorize a Lease or Easement, ensure proper legal counsel is sought, and all relevant state laws and regulations are followed.
