Board of Directors Resolution Declaring Stock Dividend

Pursuant to a duly made and seconded motion the following resolution was adopted by the unanimous vote of the Board of Directors of: ______________________________ (hereinafter referred to as Corporation).

WHEREAS, a surplus of ____________________________ dollars ($________) resulting from business operations of said Corporation for the fiscal year ending on the __________ day of ______________, 20___ was reported on the financial statement presented by the Treasurer of said Corporation, it is

RESOLVED, that a stock dividend be and hereby is declared in the amount of ______________________ dollars ($________) per share of the common stock of this Corporation, and it is

Further RESOLVED, that said Treasurer is hereby duly authorized to transfer the sum of ________________ dollars($__________) from surplus to the capital account to make payment of said stock dividend on ___________, 20___, to all shareholders of record as of_________, 20___.

The undersigned, ___________________, Certifies that he or she is the duly appointed Secretary of_________________ Corporation and that the above is a true, accurate, and correct copy of a resolution duly adopted at a meeting of the directors thereof, convened and held in accordance with law and the Bylaws of said Corporation on _____________, 19____, and that such resolution is now in full force and effect.

IN WITNESS THEREOF, I have affixed my name as Secretary of ________________ Corporation and have attached the seal of ________________________ Corporation to this resolution.

Dated:____________________ _____________________________