Sample Articles of Incorporation (with by laws): Non Stock Corporation

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Articles of Incorporation
of the

Baguio City Overseas Workers Foundation, Inc.

KNOW ALL MEN BY THESE PRESENTS:

That we, all of whom are of legal age and residents of the Philippines, have this day voluntarily associated ourselves for the purpose of organizing the Foundation, a non-stock and non­-profit corporation under and by virtue of the laws of the Re­public of the Philippines, and

WE HEREBY CERTIFY THAT:

First. The corporate name of the Foundation shall be Baguio City Overseas Workers Foundation, Inc. and may be otherwise called and known as “BOWF“.

Second. The purposes and mission for which the Foundation is formed are as follows:

To help develop and harness the educational potential of underprivileged but determined elementary, high school, and college students in the City of Baguio;

To help develop and harness opportunities for Baguio City students in their quest for formal education;

To promote our motto “Education Should Be an Opportunity for All” in accord with the principles of the Foundation by searching, sponsoring, and guiding qualified students who may not have the opportunity to go to school without financial assistance;

To instill among the youth the value of education in the now competitive age;

To serve as a safety net for qualified students who may encounter hardships and difficulties in meeting the financial requirements of their studies;

To adopt, promote and enhance the purposes of the national educational development program of the government;

To encourage the responsive involvement of the private sector to help promote education in the country;

To support, promote and enhance the spirit of camaraderie, fellowship and unity among its members;

To transact any and all other lawful activities which the Board of Trustees considers appropriate to further the purposes of the Foundation, and

To encourage and if need be finance other similar organizations that support the education of the youth.

Incidental Purposes

In furtherance of its mission, vision and goal, It may ac­quire properties, whether real or personal, by purchase, dona­tion, usufruct, bequest, and/or by other legitimate means, and encumber or sell such properties for its legitimate purposes; receive membership fees and dues, assessments, contribu­tions, gifts, legacies, grants-in-aid, endowments, subsidies and donations from members, as well as non-members, from here and abroad; may invest and expend its funds, moneys and properties in such tourism-related ventures, projects and ac­tivities as the Board of Trustees may deem proper and neces­sary in pursuit of its objectives; and

Generally, as may be permitted by law, may do all such other acts and exercise such powers and prerogatives as may be directly or indirectly necessary, suitable and proper to attain any of the objectives and purposes of the Founda­tion.

Third. The Foundation is an education-oriented organization composed of overseas workers, either retired or in the active employment abroad, who are residents of Baguio City. It is non-profit and as such, no part of its revenues shall be distributed, nor any of its assets shall ever be used or expended for nor inured to the benefit of any of its officers or members. The revenues it may generate incidental to its operation shall, as deemed necessary and proper under the circumstances, be expended solely for the furtherance of the purposes for which the Foundation is organ­ized. The Foundation is non-partisan, non-sectarian and non-ideological.

Fourth. The principal office of the Foundation shall be lo­cated at the address of the office of the incumbent Secretary or any other convenient location which the Foundation may deem appropriate in order to serve and carry out its objectives.

Fifth. The term for which this corporation shall exist is fifty (50) years from and after the date of incorporation, renew­able for such other terms as now or may hereinafter be per­mitted under the laws of the Republic of the Philippines.

Sixth. The names, nationalities and residences of the incorporators are as follows:

Name Nationality Residence
Arianne A. Loyola Filipino 15A Camdas Subdivision, Baguio City
Eileen C. Kiwalan Filipino 123 Brgy. Tabora, Baguio City
Cherrybeth T. Batuna Filipino 898 Calderon St., Baguio City
Rex D. Maiyao Filipino 596 Aurora Hill, Baguio City
Howard Y. Chan Filipino 6B Guisad Rd., Baguio City

 

List of additional members, who may be admitted in accordance with the by-laws of the Foundation, shall be entered into the Membership Registry and shall be submit­ted to the Securities and Exchange Commission from time to time.

Seventh. The affairs of the Foundation shall be governed by the Board of Trustees of seven (7) members, and that the names, nationalities, and residences of the Trustees, who are to serve as such until their successors should have been duly elected and qualified in accordance with the By-Laws, are as follows:

Name Nationality Residence
Arianne A. Loyola Filipino 15A Camdas Subdivision, Baguio City
Eileen C. Kiwalan Filipino 123 Brgy. Tabora, Baguio City
Cherrybeth T. Batuna Filipino 898 Calderon St., Baguio City
Rex D. Maiyao Filipino 596 Aurora Hill, Baguio City
Howard Y. Chan Filipino 6B Guisad Rd., Baguio City
Godfrey F. Rapisura Filipino 19 West Quirino Hill, Baguio City
Mary Joy C. Baybay Filipino 18 Dizon Subdivision, Baguio City

 

Eighth. The Foundation shall be financed, operated, and maintained by membership fees and dues, assessments, con­tributions, gifts, bequests, legacies, donations, grants-in-aid, endowments, subsidies, as well as interests and other earnings of the legitimate investments of its funds and assets.

Ninth. Ms. Arianne A. Loyola has been duly elected by the incorporators as corporate treasurer of the Foundation, to act as such until her successor has been duly elected and qualified in accordance with the By-Laws and that, as such Treas­urer, she has been authorized to receive for and on behalf of the Foundation and to receipt in its name all membership fees, dues, assessments, contributions, gifts, bequests, legacies, do­nations, grants-in-aid, endowments and subsidies, to support and maintain the operations of the Foundation..

IN WITNESS WHEREOF, we have hereunto set our hands this 15th  of December 2012, in Baguio City, Philippines.

 

Republic of the Philippines      )

) S. S.

______________________   )

BEFORE ME, a Notary Public for and in Baguio City on this ___th day of ________________, _____, personally appeared the following persons, exhibiting to me their respective Community Tax Certificates:

Name

CTC No.

Date

Place

Arianne A. Loyola

07330103

Oct. 4, 2012

Baguio City

Eileen C. Kiwalan

11077597

Nov. 4, 2012

Baguio City

Cherrybeth T. Batuna

11057262

Nov. 15, 2012

Baguio City

Rex D. Maiyao

07379009

Nov. 16, 2012

Baguio City

Howard Y. Chan

09712099

Nov. 10, 2012

Baguio City

Godfrey F. Rapisura

24634146

Dec. 5, 2012

Baguio City

Mary Joy C. Baybay

09697232

Dec. 4, 2012

Baguio City

 

all known to me and to me known to be the same persons who executed the foregoing Articles of Incorporation of the Baguio City Overseas Workers Foundation, Inc. consisting of 4 pages, this page included, and acknowl­edged to me that the same is their own free and voluntary act and deed.

IN WITNESS WHEREOF, I hereunto set my hand and affixed my notarial seal on the date and place herein first above written.

 

Harper Margaret Yano

Doc. No.                                                                       Notary Public, Baguio City

Page No.                                                                      Until December 31, 2013

Book No.                                                                      PTR No. 2755488, 01/03/12

Series of                                                                      IBP No. 743890, 01/03/12

 

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