ARTICLES OF INCORPORATION
of
(NAME OF CORPORATION)
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:
THAT WE DO
HEREBY CERTIFY:
Article I: That the
name of the Corporation shall be:
(NAME OF CORPORATION)
(If the name is an unfamiliar word, please provide meaning.)
(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.)
SECONDARY PURPOSES:
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
Subscribed
Total
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.
NAME
OF INCORPORATOR
WITH
TIN AND CTC
SIGNED IN
THE PRESENCE OF:
_________________________ _________________________
ACKNOWLEDGMENT
Republic of
the Philippines )
City of (Place) )
S.S.
x---------------------------------------------/
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 _____.
