Republic
of the Philippines )
City of (Place) ) S.S.
City of (Place) ) S.S.
GENERAL
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS:
I, (Name of Principal),
of legal age, single/married, Filipino, and a resident of (Place of Residence), do hereby grant a general power of
attorney to (Name of Attorney-in-Fact),
of legal age, single/married, Filipino, and a resident of (Place of Residence), as my attorney-in-fact.
As my my attorney-in-fact, he shall have full
powers and authority to do and undertake all acts on my behalf that I could do
personally including but not limited to the following:
1. To exercise administration,
general control and supervision over my/our business and property in the Philippines,
and to act as my/our general representative(s) and agent(s) with full authority
to buy, sell, negotiate, and contract for me/us and my/our behalf;
2. To ask, demand, sue for, recover,
and receive all sums of money, debts, dues, goods, wares, merchandise,
chattels, effects and things of whatsoever nature or description, which now or hereafter
shall be or become due, owing, payable or belonging to me/us, in or by any
right, title, ways or means howsoever, and upon receipt thereof or any part
thereof, to make, sign, execute and deliver such receipts, releases or other
discharges;
3. To buy or otherwise acquire, to
hire or lease, and to pledge or otherwise hypothecate, assign, and to dispose
of, any or all of my/our personal property or any interest therein, upon such terms
and conditions, and under such covenants, my/our attorney(s) shall dim fit or
proper, and to execute in my/our name(s) any and all papers relating thereto,
and to sign, execute, acknowledge and deliver any and all agreements, or other
writings therefore, or in any way connected therewith, or with any business or
property;
4. To deposit money and to withdraw
same by check, receipt, draft or otherwise in any bank in my/our name(s), to
sign, endorse, draw, accept, make, execute, deliver and pay checks, drafts,
bills of exchanges, promissory notes, letters of credit, quarantees, and all
other writings, contracts and agreements;
5. To borrow any sum or sums of
money that are urgent and indispensable for the prevention of things which are
under his/their administration on such terms, conditions, and stipulations, and
on such security, as my/our attorney(s) may think fit for that purpose; to
execute all promissory notes, bonds, mortgages, and other instruments which
maybe necessary and proper;
6. To settle any account or
reckoning whatsoever wherein I am/we are, or at any time hereafter shall be in
anywise, interested or are concerned with any person whomsoever, and to pay or receive
the balance thereof as the case may be;
7. To compound with or make
allowances to any person for and in respect to any debts or demand whatsoever
which now is or shall any time hereafter become due and payable to me/us, and
to take and receive any composition or dividend thereof or thereupon and to
give releases or other discharges for the whole of such debts or demands, or to
settle, compromise or submit to arbitration every such debts or demand and
every other right, matter and thing due to or concerning me/us as my/our
attorney(s) may deem advisable in the premises;
8. To make, sign, seal, execute and
deliver contracts, documents, agreements and other writings upon such terms and
conditions acceptable to my/our said attorney(s);
9. In general, to do all other acts,
deeds, matters and things whatsoever, in or about my/our estate, property and
affairs, or to concur with persons jointly interested with myself/ourselves therein
doing all acts, deeds, matters, and things herein, either particularly or
generally described, as fully and effectually to all intents and purposes as
I/we could do in my/our proper person(s) if personally present.
My attorney-in-fact hereby accepts this appointment
subject to its terms and agrees to act and perform in said fiduciary capacity
consistent with my best interests as in my attorney’s best discretion deems
advisable, and I affirm and ratify all acts undertaken.
This power of attorney may be revoked by me at any
time, and shall automatically be revoked upon my death, provided any person
relying on this power of attorney before or after my death shall have full
rights to accept the authority of my attorney-in-fact until in receipt of
actual notice of revocation.
IN WITNESS WHEREOF, I have hereunto set my hand
this (Day) day of (Month), (Year) in (Place),
Philippines.
(Name of Principal)
CONFORME:
(Name of Attorney-in-Fact)
Signed in the presence of: _________________________
_________________________
ACKNOWLEDGMENT
BEFORE ME , a Notary Public for and in the City of (Place), this (Date), personally appeared the following with their respective IDs:
ID
No. Issued on Issued at
(Name
of Principal)
(Name
of Agent)
known to me and to me known to be the same person/s
who executed the foregoing General Power of Attorney consisting of two (2)
pages including the page on which this Acknowledgment is written, and who
acknowledged to me that the same is their free and voluntary act and deed.
IN WITNESS WHEREOF, I have placed my hand and seal on the date and at the place
first above-written.
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