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.
South Dakota Corporate Resolution to Authorize A Lease or Easement is a legal document drafted by a corporation or business entity located in South Dakota to obtain approval for entering into a lease or easement agreement. This resolution is usually passed by the corporation's board of directors or members during a formal meeting. The purpose of this resolution is to grant the corporation the authority to enter into a lease or easement arrangement, which allows the corporation to use or occupy someone else's property for a specified period. This document is essential to ensure that all necessary approvals and mandates are in place before proceeding with a lease or easement. Keywords: South Dakota corporate resolution, authorize a lease, authorize an easement, legal documentation, board of directors, business entity, approval, lease agreement, easement arrangement, property, formal meeting, mandates. Types of South Dakota Corporate Resolution to Authorize A Lease or Easement: 1. General Resolution: This type of corporate resolution is used to authorize the corporation to enter into a lease or easement agreement with a general scope, allowing the corporation to lease or acquire easements on any suitable property within South Dakota. 2. Specific Property Resolution: In certain cases, a corporation may want to pass a resolution specifically authorizing a lease or easement on a particular property. This resolution would include the specific details of the property, such as address, legal description, and purpose of the lease or easement. 3. Term Resolution: This type of resolution focuses on setting the duration and term of the lease or easement. It outlines the specific start and end dates of the agreement, along with any renewal provisions or termination clauses. 4. Financial Terms Resolution: This resolution is used to authorize the corporation to negotiate and decide on the financial terms of the lease or easement, including rent amount, payment schedule, security deposit, and any other financial considerations. 5. Renewal Resolution: If a lease or easement agreement is set to expire, a renewal resolution can be passed to authorize the corporation to negotiate and execute a renewal or extension of the existing lease or easement. In summary, a South Dakota Corporate Resolution to Authorize A Lease or Easement is a critical legal document that grants a corporation the authority to enter into a lease or easement agreement. By passing this resolution, the corporation ensures compliance with legal requirements and obtains the necessary approvals for such transactions.
