RESOLUTION OF THE BOARD OF DIRECTORS
OF
AutoFund Servicing, Inc.
A Nevada Corporation
TIME AND LOCATION
A special meeting of the Board of Directors was called by President James D.
Haggard on July 25, 2000. The meeting wad called and conducted by James D.
Haggard as provided by the bylaws.
DIRECTORS PRESENT
James D. Haggard, the sole director, was present and his presence constituted a
quorum of the Board of Directors.
CALL TO ORDER
President, James D. Haggard, called the meeting to order for the purpose of
adopting a resolution.
RESOLUTION ADOPTED
After discussion the Board unanimously adopted the following resolution:
RESOLVED that the President be and hereby is authorized to do the
following:
a) Accept an agreement for the exchange of common stock between
AutoFund Servicing, Inc., a Nevada corporation and AutoFund Servicing,
Inc., a Texas corporation.
b) Authorize the Transfer Agent to issue to shareholders 18,000,000
shares of the common stock of AutoFund Servicing, Inc., a Nevada
Corporation, $0.001 par value from its treasury so as the amount of
shares then issued would be equal to 90% of the combined total of
20,000,000 outstanding shares, in exchange for 100% of the issued and
outstanding shares, of AutoFund Servicing, Inc., a Texas corporation,
such that AutoFund Servicing, Inc., A Texas Corporation shall become
wholly owned subsidiary of AutoFund Servicing, Inc., a Nevada
Corporation.
ADJOURNMENT
There being no further business to come before the meeting, upon motion duly
made and unanimously carried, the meeting was adjourned.
CERTIFICATE OF SECRETARY
I hereby certify that the foregoing minutes of the Special Meeting of the Board
of Directors of AutoFund Servicing, Inc. constitute a true and correct copy of
the minutes of that meeting.
IN WITNESS HEREOF, I have hereunto subscribed my name and affixed the
seal of the corporation this 25th day of July 2000.
Original Signature on file
--------------------------
James D. Haggard, President/Secretary
