Articles of Incorporation Sample
3
NINTH. That no transfer of stock or interest which would 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.
TENTH: That _______________________ has been elected by the subscribers
as treasurer of the corporation to act as such until his successor is duly elected and
qualified in accordance with the by-laws; and that as such Treasurer, he/she has been
authorized to receive for and in the name and for the benefit of the corporation, all
subscriptions paid in by the subscribers.
ELEVENTH. That the incorporators undertake to change the name of the
corporation 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 misleading,
deceptive, confusingly similar to a registered name, or contrary to public morals, good
customs or public policy.
In witness whereof, we have set our hands this __________ of ___________,
200__ at ___________________________.
________________________ ________________________
TIN TIN
___________________________ ___________________________
TIN TIN
__________________________
TIN
WITNESSES:
_______________________ ______________________
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