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MAGIS JEWELLERY ARTICLES OF INCORPORATION New
MAGIS JEWELLERY ARTICLES OF INCORPORATION New
OF
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 PURPOSE
To engage in, conduct, carry on, operate, or manage real estate business;
to acquire by purchase, lease, donation, or otherwise deal in, use, improve,
develop, subdivide, sell, mortgage, or lease (except financial lease), real estate of
all kinds and description, including but not limited to, buildings, houses,
apartments, lands, condominiums and other structures of whatever kind including
all improvements thereon; and to perform such other acts and services necessary
or incidental for the accomplishment of such business purposes as may be
allowed by applicable laws, rules and regulations.
SECONDARY PURPOSES
THIRD: The place where the principal office of the corporation is to be established
at Third Floor,LVNG Bldg., Don Gueco Subdivision Angeles City, Pampanga.
FOURTH: The term for which the corporation is to exist is fifty (50) years from
and after the date of issuance of the certificate of incorporation.
FIFTH: The names, nationalities and residences of the incorporators are as follows:
Jose Miguel S. Reyes Filipino Blk 24, Lot 20, Aster St., Punta Verde Subd.,
Angeles City, Pampanga
Nathaniel Joseph S. Reyes Filipino Blk 24, Lot 20, Aster St., Punta Verde Subd.,
Angeles City, Pampanga
SIXTH: The number of directors of the said Corporation shall be four (4) and that the
names, nationalities and residences of the first directors who are to serve until their successors
are elected and qualified as provided by the by-laws are as follows:
Catherine S. Reyes Filipino Blk 24, Lot 20, Aster St., Punta Verde
Subd.,Angeles City, Pampanga
Jose Miguel S. Reyes Filipino Blk 24, Lot 20, Aster St., Punta Verde Subd.,
Angeles City, Pampanga
Nathaniel Joseph S. Reyes Filipino Blk 24, Lot 20, Aster St., Punta Verde Subd.,
Angeles City, Pampanga
The sale, transfer, or disposition of any stock to any person other than a registered
stockholder, immediate member of the family or to a family corporation of the seller, must first
be offered to the remaining stockholder. The offer, stating the price and terms, shall be filed
in writing with the Corporate Secretary. The stockholders shall exercise their option to
purchase the stock in proportion to their respective stockholdings within ten (10) working days
after which period the seller has the right to offer any balance not purchased to any other person.
Any sale, transfer, or disposition of stock contrary to the foregoing condition shall be null and
void.
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 stock and transfer book of the Corporation.
The foregoing conditions shall be binding upon the heirs, legatees, devisees, successors,
executors, administrators and legal representatives of the stockholders.
All the foregoing conditions shall be indicated in the stock certificates to be issued by
the Corporation.
EIGHT: That at least twenty five (25%) percent of the authorized capital stock
above has been subscribed as follows:
No. of
Name Nationality Shares Amount
Subscribed Subscribed
NINTH: That the above-named subscribers have paid at least twenty-five (25%)
percent of the total subscription as follows:
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES )
Angeles City ) SS.
BEFORE ME, a Notary Public in and for Angeles City, Pampanga, this ___ day of
February, 2020 personally appeared:
- all known to me and to me known to be the same persons who executed the foregoing Articles
of Incorporation constituting ____five (5) pages and they acknowledged to me that the same is
their free and voluntary act and deed.
IN WITNESS THEREOF, I have hereunto set my hand and affixed my notarial seal
at the date and at the place first above written.
NOTARY PUBLIC
Doc. No:___
Page No:___
Book No:__
Series 2020.