Articles of Incorporation

Download as docx, pdf, or txt
Download as docx, pdf, or txt
You are on page 1of 3
At a glance
Powered by AI
The key takeaways are that the corporation will manufacture ladies' ready-to-wear garments and distribute them in the Philippines, with the principal office located in Valenzuela City and a 30 year term of existence.

The purpose of the corporation is to engage in the business of manufacturing ladies' ready-to-wear garments and to distribute such garments to distributors and resellers around the Philippines.

The incorporators of the corporation are Mariano, Lolita, Paulo, Marianne and Lilybeth with various nationalities and residences listed.

Articles of Incorporation

Of
MARLOL AND KIDS Garments Manufacturing Corporation

KNOW ALL MEN BY THESE PRESENTS:


The undersigned incorporators, all of legal age and majority of whom are
residents of the Philippines, have this day voluntarily agreed to form a stock
corporation under the laws of the Republic of the Philippines;
AND WE HEREBY CERTIFY:
FIRST: That the name of said corporation shall be:
MARLOL AND KIDS Garments Manufacturing Corporation.

SECOND: That the purpose/s for which such corporation is incorporated


is/are:

a.) To engage in the business of manufacturing ladies’ ready-to-wear


garments
b.) To distribute such garments to our distributors and resellers around
the Philippines.

No transfer of stock will be allowed and recorded in the corporate


books if it will reduce the stock ownership of Filipinos to a percentage
below the required legal minimum.

THIRD: That the principal office of the corporation is located in:


123 St., Canumay East, Valenzuela City, Metro Manila,
Philippines;
FOURTH: That the term for which said corporation is to exist is 3o years
from the date of Incorporation.
FIFTH: That the names, nationalities and residences of the incorporators
are as follows:
NAME NATIONALITY RESIDENCE
Mariano Filipino Canumay East, Valenzuela City
Lolita Filipino Canumay East, Valenzuela City
Paulo Filipino Binondo, Manila
Marianne German Munich, Germany
Lilybeth Filipino London, United Kingdom

SEVENTH: That the total contribution of the corporations is:


Three Million Pesos (Php 3,000,000.00).
EIGHTH: That Lolita has been elected by the members 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 contributions or donations paid or given by
the members.
NINTH: That upon dissolution, the net assets shall be distributed to the
stockholders,
TENTH: That the incorporators and Trustees undertake to change the
name of the corporation as herein provided, or as amended thereafter,
immediately upon receipt of notice or directive from the Securities and
Exchange Commission that another corporation, partnership or person
has acquired a prior right to the use of that name or that the name has
been declared as misleading, deceptive, confusingly similar to a
registered name or contrary to public morals, good custom or public
policy.

IN WITNESS WHEREOF, we have hereunto signed these Articles of


Incorporation, this 29th day of March 2021, in the City/Municipality of
Valenzuela, Province of Metro Manila, Republic of the Philippines.

ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES }
} S.S.
BEFORE ME, a Notary Public, for and in _____________________,
Philippines, this ___________day of ______________________, 20 _________,
personally appeared the following persons:
known to me and to me known to be the same persons who
executed the foregoing Articles of Incorporation constituting of three (3)
pages, including this page where the acknowledgement is written, and
they acknowledged to me that the same is their free act and voluntary
deed.
WITNESS MY HAND AND SEAL on the day first above-written.

NOTARY PUBLIC
Doc. No. _______
Page No. _______
Book No. _______
Series of _______.

You might also like