Line of Credit: The board discussed whether it was necessary to enter into a
line of credit agreement with [Name of Bank], the primary financial institution
currently serving the ministry.
2005-43. ACTION: A motion was made and seconded to approve a line of
credit with [Name of Bank] for a maximum of $[Amount] and to authorize
the Board Secretary and CFO to execute the necessary documents.
Board Self-Assessment: The board devoted a short time to self-assessment of
this board meeting. It was the consensus of the board that the meeting was well
focused on policies and mission-critical issues.
Future Meetings: The following schedule of board meetings was presented:
[Date]: The board is to meet in [City and State], at [Time]. The exact location will
be announced later.
[Date]: The board is to meet at the ministry’s headquarters in [City].
The chairman declared the meeting adjourned at [Time].