AUSTIN DWI MANAGEMENT COMPANY LTD
Resolution in writing the
Directors of Austin Dwi Management Company Ltd adopted by circulation on 05thJune, 2013.
____________________________________________________________________________________
FIXED DEPOSIT
OVERDRAFT FACILITY – PEOPLE’S BANK
LKR
2,800,000.00
Current
Account No: 309100122536456
We the undersigned being the Council Directors
of the Austin Dwi Management Company Ltd (hereinafter referred as the “AustinDwi”)
HEREBY RESOLVE:
“ that the company do obtained from Peoples bank, Loans, Overdrafts, Trust Receipt
Facilities, Letters of Credit Facilities, Bank Guarantees, Security Bonds and
other Pecuniary aid and assistance accommodation and banking facilities up to a
limit of Rupees ________ _______ Only (Rs. ________ ) from time to time and in
a manner and subject to such terms and conditions and upon the security of the
relative bills of exchange, shopping documents and the underlying goods under
the Bank’s Constructive control, the relative Trust Receipts and the underlying
goods under the borrower’s control, the Pledge over stocks under the bank’s
control, Hypothecation over stocks consisting of row materials, work in
progress and finished goods and such other or further security as Peoples
bank Might required in this connection including the joint and several guarantee
of the Directors and for that purpose to sign, seal, execute and deliver from
time to time all documents of whatsoever kind or nature as mey be required by
the peoples bank, and that every such sealing be attested by any two Directors
of the company
Further
Resolved:
That any two Directors of the Company be and
are hereby authorized to sign any document in connection with obtaining the
above facility
NAMES OF THE COUNCIL MEMBERS
SIGNATURE
Dr. _________ Tootan Caman ………………………
(Chairman)
Prof. ________ James Bond
………………………
(Council Member)
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