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Wednesday, June 18, 2014

Resolution For Redeem the Fixed deposit overdraft facility

http://draftletters.blogspot.com    http://ciachef.edu



Resolution in writing of the Members of the Council of Ciachef edu Management corporation Condominium Plan No. 3118 adopted by circulation on 31st  March, 2014.
___________________________________________________________________________________


FIXED DEPOSIT OVERDRAFT FACILITY –       PEOPLE’S BANK
                                                                                    LKR 3,500,000.00
                                                                                    Current Account No: 309100122536765
           

We the undersigned being the Council Members of Ciachef edu Management Corporation, Condominium Plan No.3878 (hereinafter referred as the “Management Corporation”)


HEREBY RESOLVE:

That the Management Corporation has obtained an overdraft facility of Rupees Three Million Five hundred thousand (Rs. 3,500,000/=) from Peoples bank, Ciachef edu, against the following fixed Deposit Certificate for Rupees Three Million Eight Hundred And Eighty Nine Thousand Seven Hundred And Thirty Three Cents Twenty Five (Rs. 3,889,733.25) Of Peoples Bank Ciachef edu.

We hereby resolve to redeem the above Facility

Certificate No
Rate
Amount
309-60-01-00003870-5
309-60-01-00003859-0
309-60-01-00003860-7
14.5%
14.5%
14.5%
1,000,000.00
1,731,610.42
1,158,122.83
Total
3,889,733.25


Further Resolved:

That any two Council Members of the Corporation be and are hereby authorized to sign any document in connection with Redeem the above facility.



NAMES OF THE COUNCIL MEMBERS                                     SIGNATURE




Mr. Damith Kumarasingha                                                       ………………………
(Chairman)




Prof. Kris Herath                                                                    ………………………

(Council Member)