The undersigned incorporators, all of legal age and a majority
of whom are residents of the Philippines, have this 12th day of February, 2018 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 the said corporation shall be KGBF
CORPORATION;
SECOND: That the purpose for which such corporation is
incorporated is as follows:
In order to form, establish, and administer a school with a
high standard of education, with emphasis on the development of the arts, the moulding of the youth in good conduct and science research, and for this purpose, to open and maintain a school from elementary to the collegiate level, in accordance with the new and modern methods of teaching.
THIRD: That the principal office of the corporation is located
at Ubay, Bohol, 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 incorporation are as follows:
Name Nationality Address
Julie Grace Gayo Filipino Tagbilaran City Benidect Grado Filipino Maribojoc, Bohol Maria Melissa Filipino Lapu-Lapu City, Torres Cebu Rey Caballero Filipino Alicia, Bohol Hope Tinambacan Filipino Ubay, Bohol
SIXTH: That the number of the directors 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 Address
Julie Grace Gayo Filipino Mandaue City Benidect Grado Filipino Maribojoc, Bohol Maria Melissa Filipino Lapu-Lapu City, Torres Cebu Rey Caballero Filipino Alicia, Bohol Hope Tinambacan Filipino Ubay, Bohol
SEVENTH: That the authorized capital stock of the said
corporation is EIGHT HUNDRED THOUSAND PESOS (₱1,000,000.00) in lawful money of the Philippines, divided into TWENTY THOUSAND (20,000) SHARES with a par value of FORTY PESOS (₱40.00) PER SHARE.
EIGHT: That at least twenty-five (25%) percent of the
authorized capital stock above-stated has been subscribed as follows:
Name of Nationality Number of Amount
subscriber shares subscribed subscribed Julie Grace Filipino 1,000 40,000.00 Gayo Benidect Filipino 1,000 40,000.00 Grado Maria Melissa Filipino 1,000 40,000.00 Torres Rey Caballero Filipino 1,000 40,000.00 Hope Filipino 1,000 40,000.00 Tinambacan TOTAL 5,000 200,000.00
NINTH: That the above-named subscribers have paid at least
twenty-five (25%) percent follows: Name of subscriber Amount subscribed Julie Grace Gayo 40,000.00 Benidect Grado 40,000.00 Maria Melissa Torres 40,000.00 Rey Caballero 40,000.00 Hope Tinambacan 40,000.00 Total paid-in cash Php 200,000.00
TENTH: That Cherry Jane Damba 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, she has been authorized to receive for and in the name and for the benefit of the corporation, all subscriptions (or fees) or contributions or donations paid or given by the subscribers or members.
ELEVENTH: 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.
IN WITNESS WHEREOF, we hereunto set our hand on the
12th day of February, 2018 at Poblacion, Ubay, Bohol, Philippines.
JULIE GRACE GAYO BENIDECT GRADO
MARIA MELISSA TORRES
REY CABALLERO HOPE TINAMBACAN
SIGNED IN THE PRESENCE OF:
CARMEN J. MAGHUYOP ERLINDA S. CHAVEZ
ACKNOWLEDGMENT
Republic of the Philippines )
Province of Bohol ) S. S. Municipality of Ubay )
BEFORE ME, a Notary Public for and in the Municipality of
Ubay personally appeared Julie Grace Gayo with Driver’s License No. D07-12-009912 issued on January 3, 2018 at Cebu City, Benidect Grado with Driver’s License No. D07-11-002347 issued on December 27, 2017 at Tabgilaran City, Bohol, Maria Melissa Torres with Driver’s License No. D07-10-009622 issued on November 21, 2017 at Cebu City, Rey Caballero with Driver’s License No. D07-09- 003349 issued on November 5, 2017 at Tagbilaran City, Bohol and Hope Tinambacan with Driver’s License No. D07-11-009413 issued on September 30, 2017 at Tagbilaran City, Bohol, both personally known to me or whom I identified through competent evidence of identity and who represented to me that their respective signatures on the foregoing instrument were voluntarily affixed by them for the purpose stated in the instrument and who declared that they have executed the foregoing instrument as their free and voluntary act and deed.
WITNESS MY HAND AND SEAL, this 12th day of February,
2018 at Poblacion, Ubay, Bohol.
Doc No.20 KIM GERONIMO B. FUENTES
Page No. 20 Poblacion, Ubay, Bohol Book No. 2 Roll of Attorneys No: 69355 Series of 2018 IBP No. 25771, Bohol, May 30, 2017 PTR No: 2001462, June 1, 2017