Articles Of Incorporation Sample 4d196e

ARTICLES OF INCORPORATION OF R2RR INC. KNOW ALL MEN BY THESE PRESENTS: The undersigned incorporators, all of legal age and a 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 “R2RR INC.”; SECOND: That the purpose for which such corporation is incorporated is the exportation of handicrafts sourced from indigenous peoples in the Philippines; THIRD: That the principal office of the corporation is located in the City of Naga, Province of Camarines Sur, Philippines; FOURTH: That the term for which the said corporation is to exist is fifty (50) years from and after the date of issuance of the certificate of incorporation; FIFTH: That the names, nationalities and residences of the incorporators of the corporation are as follows: NAME

NATIONALITY

RESIDENCE

Aguilar, Piel Marie

Filipino

Legazpi City, Philippines

Balmaceda, Sheila

Filipino

Naga City, Philippines

Miraflor, Ina Samantha

Filipino

Legazpi City, Philippines

Segovia, Megan

Filipino

Calabanga, Camarines Sur, Philippines

Xiao, Viely

Filipino

Lupi, Camarines Sur, Philippines

SIXTH: That the number of directors or trustees of the corporation shall be five (5); and the names, nationalities and residences of the first directors of the corporation are as follows: NAME

NATIONALITY

RESIDENCE

Aguilar, Piel Marie

Filipino

Legazpi City, Philippines

Balmaceda, Sheila

Filipino

Naga City, Philippines

Miraflor, Ina Samantha

Filipino

Legazpi City, Philippines

Segovia, Megan

Filipino

Calabanga, Camarines Sur, Philippines

Xiao, Viely

Filipino

Lupi, Camarines Sur, Philippines

SEVENTH: That the authorized capital stock of the corporation is FIVE MILLION (P5,000,000) PESOS in lawful money of the Philippines, divided into fifty thousand (50,000) shares with the par value of One Hundred (P100) Pesos per share; EIGHT: That at least twenty-five percent (25%) of the authorized capital stock above stated has been subscribed as follows: Name of Subscriber

Nationality

No. of Shares Subscribed

Amount Subscribed

Aguilar, Piel Marie

Filipino

2, 500

Balmaceda, Sheila

Filipino

2, 500

250, 000

Miraflor, Ina Samantha

Filipino

2, 500

250, 000

Segovia, Megan

Filipino

2, 500

250, 000

Xiao, Viely

Filipino

2, 500

250, 000

P

250, 000

NINTH: That the above-named subscribers have paid at least twenty-five (25%) of the total subscription as follows: Name of Subscriber Aguilar, Piel Marie

Amount Subscribed P

250, 000

P

Total Paid-In 62, 500

Balmaceda, Sheila

250, 000

62, 500

Miraflor, Ina Samantha

250, 000

62, 500

Segovia, Megan

250, 000

62, 500

Xiao, Viely

250, 000

62, 500

TENTH: That VIELY XIAO 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 or contributions or donations paid or given by the subscribers or . ELEVENTH: “No transfer of stock or interest which shall reduce the ownership of Filipino citizens to less than the requires 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.” In witness whereof, we have hereunto signed these Articles of Incorporation, this 24th day of February, 2015, in the City of Naga, Province of Camarines Sur, Republic of the Philippines.

PIEL MARIE AGUILAR

INA SAMANTHA MIRAFLOR

SHEILA BALMACEDA

MEGAN SEGOVIA

VIELY XIAO

SIGNED IN THE PRESENCE OF: