Whereas _____ (hereinafter referred to as Corporation) desires to borrow money in order to _____, it is hereby . A Resolution of a Company or Board of Directors is a document that outlines the decisions made by the company or the board of directors in a meeting.This document can be adopted either as a board resolution or resolution of members of the company. The biggest part of the board resolution template is the area to place what topics need to be decided on and what actions the company will take to resolve them. ]; and A corporate resolution is a type of corporate action. Then the board of directors of the corporation will vote on the resolution. The letter has all the details of the company and the date and venue of the meeting followed by the actual resolution reached at in the meeting.You may also see collection letters . It was resolved that : -