Saturday, March 18, 2017

Articles of Incorporation




Know All Men By These Presents:

The undersigned incorporators, all of whom are of legal age and residents of the Philippines, have on this day, voluntarily associated ourselves together for the purpose of forming a stock corporation under the laws of the Republic of the Philippines:


Article I: That the name of the Corporation shall be:

(If the name is an unfamiliar word, please provide meaning.)

Article II:  That the primary purpose of this corporation is:

To engage in the business of (travel and tours using rented vehicles.)


1.   To purchase, own, lease, import, buy and sell real and personal properties to carry out the foregoing purposes;

2.   To raise capital or borrow money to meet financial requirements of its business by issuance of bonds, securities, promissory notes and other evidence of indebtedness;

3.   To provide companies with effective business plans and liaison services.

4.   To do and perform all acts and things necessary or incidental to the accomplishment of the foregoing purpose or the exercise of any or all the powers of a corporation for the benefit of this corporation and stockholders;

Article III: That the place where the principal office of the corporation is to be established or located is at:

No./Street: _______________________________

City/Town:  _______________________________

Province: _______________________________

Article IV: That the term for which the Corporation is to exist is Fifty years (50) years from and after the date of issuance of the Certificate of Incorporation.

Article V: That the names, nationalities and residences of the incorporators are as follows:

          Names              Nationality                     Residence

(At least five [5])

Article VI: That the number of directors of the Corporation shall be five (5) and that the names, nationalities and residence of the Directors of said Corporation who shall act as such until their successors are elected and have qualified as provided for in the by-laws are as follows:

          Name                                      Nationality                             Residence

Artticle VII: That the authorized capital stock of the Corporation is ONE MILLION (P1,000,000.00) PESOS in lawful money of the Philippines, divided into ONE MILLION SHARES (1,000,000) shares with the a par value of ONE (P1.00) PESOS per share.

Article VIII: That at least 25% of the authorized capital stock of the corporation has been subscribed and at least twenty (25%) per cent of the total subscription has been paid as follows:

Name                                     Nationality          No. of                   Amount                 Amount
                                                                              Shares                 Subscribed              Paid


Article IX: That no transfer of stocks or interest therein which will reduce the ownership of Filipino citizens to less than the percentage of the capital stock required by law shall be allowed or permitted to be recorded in the Corporate Books and this restriction shall be indicated in all the stock certificates issued by the corporation.

Article X: That (NAME OF ACTING TREASURER) has been elected by the subscribers as Treasurer of the corporation to act as such until her successor is duly elected and qualified in accordance with the by-laws; and that as such Treasurer, she has been authorized to receive for and in the name and for the benefit of the corporation, all subscriptions paid by the subscribers.

Article XI: That the corporation manifests its willingness to change its corporate name in the event another person, firm or entity has acquired a prior right to use the said firm name or one deceptively or confusingly similar to it.

IN WITNESS WHEREOF, we have hereunto affixed our signatures this _____________, at the City of _____________, Philippines.


_________________________             _________________________


Republic of the Philippines  )
City of (Place)                        ) S.S.

          BEFORE ME, a notary public for and in the __________________, Philippines, this _____________________, personally appeared:

Name:                                                TIN/ CTC                               Date & Place of issue

          All known to me and to me known to be the same persons who executed the foregoing Articles of Incorporation and they acknowledged to me that the same is their free and voluntary act and deed.

          IN WITNESS WHEREOF, I have hereunto set my hand and affixed my notarial seal on the date and at the place first above written.

Doc. No.  _____;
Page No. _____;
Book No. _____;
Series of _____.


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