Number
T136
Version
Original
Sponsor
The President
Title
Resolution approving a unanimous written consent action of the Board of Directors of Travaux, Inc.
Body
THE UNDERSIGNED, being all of the members of the Board of Directors (the “Board”) of TRAVAUX, INC., a Wisconsin nonstock corporation (the “Corporation”), do hereby consent to the actions set forth in the following resolutions by unanimous written consent pursuant to Section 181 of the Wisconsin Statutes and the Corporation’s Amended and Restated Bylaws, effective as of _____________________:
WHEREAS, the Board has been presented with a form of Agreement for Transfer and Assignment of Investor Members Interests (the “Assignment Agreement”), whereby the Corporation would take receipt of the assignment of a 0.01% membership interest (the “Subject Interest”) of Highland Park Community, LLC, a Wisconsin limited liability company, from USB LIHTC Fund 2010-1, LLC, a Delaware limited liability company (“Assignor”);
WHEREAS, the Board of Directors recommends that the Corporation enter into the Assignment Agreement.
NOW THEREFORE, BE IT:
1. Approval of Assignment Agreement.
RESOLVED, that the form, terms and provisions of the Assignment Agreement be, and the same hereby are, authorized and approved.
RESOLVED FURTHER, that the officers of the Corporation, acting jointly or individually, are hereby authorized to execute, deliver and perform in the name of, and on behalf of, the Corporation, the Assignment Agreement, in accordance with the terms and conditions set forth therein, and with such additional or different terms as may be approved by the officers executing the same, such approval to be conclusively presumed from the fact of execution thereof.
2. General Authorizing Resolutions.
RESOLVED, that the officers of the Corporation be, and each of them hereby is, acting singly or jointly, authorized, empowered and directed, in the name of and on behalf of the Corporation, to take or cause to be ta...
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