Articles of Incorporation-Stock Corp
Articles of Incorporation-Stock Corp
Articles of Incorporation-Stock Corp
of
CONSORTIUM RECOVERY and SUPPORT
CORPORATION
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;
Primary:
Secondary:
Third: That the principal office of the corporation is located in 202 NEW
TOWN SQUARE CM RECTO ROAD NAVY BASE SAINT JOSEPH VILLAGE,
BAGUIO CITY, BENGUET, CORDILLERA ADMINISTRATIVE REGION (CAR),
2600;
Fourth: That the corporation shall have a term of existence of fifty (50) years
from the date of issuance of the certificate of incorporation;
Fifth: That the names, nationalities and residences of the incorporators are as
follows:
Sixth: That the number of directors of the corporation shall be four (4); and the
names, nationalities and residences of the first directors of the corporation are as
follows:
Seventh: That the authorized capital stock of the corporation is Five Hundred
Thousand Pesos (P500,000.00), divided into:
a. Five Hundred Thousand (500,000) common voting shares with par value
of One Peso (P1.00) per share.
Eighth: That the authorized capital stock above has been subscribed and paid
as follows:
No. of
Amount
Name Nationality Share Type Shares
Subscribed
Subscribed
BORLIVE BRIONES American Common - 18,750 P18,750.00
Voting - with
Par
ACE BRIONES American Common - 6,248 P6,248.00
Voting - with
Par
JACQUELINE CAPULI Philippine, Common - 1 P1.00
Filipino Voting - with
Par
CATHERINE FLORENDO Philippine, Common - 1 P1.00
Filipino Voting - with
Par
TOTAL 25,000 P25,000.00
Addt'l
Share Mode of
Name Amount Paid Paid-in
Type Payment
Capital
BORLIVE BRIONES Common - Voting -
Cash P18,750.00 P0.00
with Par
ACE BRIONES Common - Voting -
Cash P6,248.00 P0.00
with Par
JACQUELINE CAPULI Common - Voting -
Cash P1.00 P0.00
with Par
CATHERINE FLORENDO Common - Voting -
Cash P1.00 P0.00
with Par
Tenth: That no transfer of stock or interest which will reduce the ownership of
Filipino citizens to less than the required percentage of the capital stock as provided
by existing laws shall be allowed or permitted to be recorded in the proper books of
the corporation and this restriction shall be indicated in all the stock certificates
issued by the corporation.
JACQUELINE CAPULI
941-778-471-000
Treasurer
S.S)
JACQUELINE CAPULI
941-778-471-000
Treasurer
known to me and to me known to be the same persons who executed the foregoing
Articles of Incorporation constituting of ______ pages, including this page where the
acknowledgement is written, and they acknowledged to me that the same is their
free act and voluntary deed.
NOTARY PUBLIC