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ARTICLES OF INCORPORATION

OF

CHEE D.T COLLEGE, INC.

KNOW ALL MEN BY THESE PRESENTS:

That we, the undersigned, all of legal age and majority of whom are residents of the Philippines, have
this day voluntarily associated ourselves for the purpose of forming a stock educational corporation
under the laws of the Republic of the Philippines.

First:The name of the corporation shall be CHEE D.T COLLEGE, INC. doing business as Chee D.T College,
hereafter referred to as the "Corporation".

ARTICLE III. PURPOSES

Second; The purposes for which the Corporation is formed are as follows:

1. To establish, maintain, and operate educational institutions such as primary, elementary, junior
high school, senior high school, college, masteral, doctorate, medical school, and law school,
and to offer instruction in all branches of learning, including but not limited to arts and sciences,
commerce, education, engineering, information technology, law, medicine, and social sciences.

2. The purpose of this organization is to establish and operate educational institutions, that offer a
range of academic programs. These programs include enhanced basic education programs for
kindergarten, elementary, and secondary education, as well as collegiate, postgraduate, and
technical vocational education and training courses. The organization also aims to provide
courses of study for business or professional purposes, general culture, and various academic
subjects, including classical, mathematical, scientific, technical, and general study courses. These
courses may be offered through correspondence courses, home classes, institutes, lectureships,
and training schools. The organization intends to organize lectures, exhibitions, public meetings,
and conferences that promote education in various ways. Additionally, the organization will
secure, print, and publish books and courses of study suitable for use in their educational
programs. Finally, the organization will grant diplomas, titles, and degrees as authorized by the
government.
3. To promote and encourage the development and advancement of education in the Philippines,
and to provide opportunities for Filipinos to acquire knowledge, skills, and values necessary for
their personal growth and success.
4. To engage in research, experimentation, and investigation in all fields of education, and to
publish and distribute the results of such research.
5. To establish scholarships, fellowships, and other forms of financial assistance for deserving
students and to provide grants to support educational institutions and programs.
6. To acquire, own, lease, sell, and otherwise dispose of real and personal properties, including but
not limited to buildings, lands, equipment, and supplies necessary or incidental to the operation
of the corporation.

7. To enter into contracts, agreements, and other transactions with any person, corporation, or
entity, whether public or private, domestic or foreign, for the attainment of the purposes of the
corporation.

8. To exercise all the powers necessary or incidental to the attainment of the above-stated
purposes.
9. To engage in any lawful act or activity necessary, suitable or proper for the accomplishment of
any of the purposes enumerated herein or which may be incidental thereto, or which may
enhance or promote the success of the Corporation.

Third: The principal office of the Corporation shall be located at Lot 5 Belfast, Novaliches, Quezon City,
1118 Metro Manila, Philippines, or at such other place as may be determined by the Board of Directors.

Fourth: The Corporation shall have a term of fifty (50) years from the date of issuance of its Certificate of
Incorporation, unless sooner dissolved in accordance with law.

Fifth: ARTICLE VII. INCORPORATORS

That the names, nationalities, and residences of the incorporators of the Corporation are as follows:

NAME NATIONALITY RESIDENCES


Sixth: The Board of Directors shall be composed of not less than five (5) nor more than fifteen (15)
members, to be elected by the stockholders during their annual meeting. The term of office of each
director shall be two (2) years, and until their successors are elected and qualified.

NAME NATIONALITY RESIDENCES

Seventh: 1. The authorized capital stock of the corporation is TWO BILLION PESOS (Php
2,000,000,000.00), divided into TWO MILLION (2,000,000) shares with a par value of FIVE HUNDRED
PESOS (Php 500.00) per share.

Eight: That the amount of TWO HUNDRED FIFTY MILLION PESOS (Php 250,000,000.00) representing FIVE
HUNDRED THOUSAND (500,000) shares has been subscribed and FOUR HUNDRED MILLION PESOS (Php
400,000,000.00) representing EIGHT HUNDRED THOUSAND (800,000) shares has been paid as follows:

a. The sum of ONE HUNDRED MILLION PESOS (Php 100,000,000.00) has been paid in cash to the
corporation;

b. The sum of THREE HUNDRED MILLION PESOS (Php 300,000,000.00) has been paid in property
consisting of real estate located at Lot 5 Belfast, Novaliches, Quezon City, with a fair market value of
THREE HUNDRED MILLION PESOS (Php 300,000,000.00); and

c. The sum of ONE HUNDRED MILLION PESOS (Php 100,000,000.00) has been paid through the
cancellation of indebtedness of the corporation.

Name of Nationality No. of Shares Amount Amount Paid


Subscriber Subscribed
500,000 250,000,000.00 250,000,000.00
200,000 100,000,000.00 100,000,000.00
600,000 300,000,000.00 (PROPERTY)
200,000 100,000,000.00 (Cancelation of
indebtedness)

The balance of the subscription shall be payable on such date or dates as the Board of Directors may
determine.

Ninth: That________________ has been elected by the subscriber 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, has been authorized to receive for the corporation and to receipt in its name for all
subscription paid in by said subscriber.
Tenth: The incorporators undertake to changes the name of the corporation immediately upon receipt
of notice from the Commission that another corporation, partnership or person has acquired a prior
right to the use of such name, that the name has been declared not distinguishable from a name already
registered or reserved for the use of another corporation, or that it is contrary to law, public morals,
good customs or public policy.

IN WITNESS WHEREOF, we, the undersigned, have hereunto signed these Articles of Incorporation, this
_______ day of _____________________, 2023______ in the City of ______________, Republic of the
Philippines.

(Names and signatures of the incorporators)

______________________________________
(Name and Signature of Treasurer)

ARTICLE V - CAPITAL STOCK

1. The authorized capital stock of the corporation is TWO BILLION PESOS (Php 2,000,000,000.00),
divided into TWO MILLION (2,000,000) shares with a par value of ONE THOUSAND PESOS (Php
1,000.00) per share.
2. The initial subscribed and paid-up capital stock of the corporation is FIVE HUNDRED MILLION PESOS
(Php 500,000,000.00), divided into FIVE HUNDRED THOUSAND (500,000) shares with a par value of
ONE THOUSAND PESOS (Php 1,000.00) per share.
3. The remaining balance of the authorized capital stock shall be divided into such number of shares
and issued from time to time in such manner as the Board of Directors may determine.

ARTICLE IV - CAPITAL STOCK


Authorized Capital Stock. The total authorized capital stock of the Corporation is Two Billion Pesos
(PHP 2,000,000,000.00) divided into Eight Million (8,000,000) shares with a par value of Two Hundred
Fifty Pesos (PHP 250.00) per share.

ARTICLE V - BOARD OF DIRECTORS

Section 1. Powers and Duties. The Board of Directors shall exercise all the powers and conduct all the
business of the Corporation, subject to the provisions of the Corporation Code of the Philippines and
the By-Laws of the Corporation.

Section 2. Number, Election, and Term of Office. The Board of Directors shall be composed of not
less than five (5) nor more than fifteen (15) members, to be elected by the stockholders during their
annual meeting. The term of office of each director shall be two (2) years, and until their successors
are elected and qualified.

Section 3. Quorum and Voting. A majority of the members of the Board of Directors shall constitute a
quorum for the transaction of business. The vote of the majority of the directors present at a
meeting where there is quorum shall be necessary for the adoption of any resolution.

AARTICLE VI - OFFICERS

Section 1. Officers. The officers of the Corporation shall consist of a President, a Vice-
President, a Secretary, and a Treasurer. The Board of Directors may also elect or appoint
such other officers as it deems necessary.

Section 2. Election and Term of Office. The officers shall be elected by the Board of
Directors during their organizational meeting, and shall hold office for one (1) year and
until their successors are elected and qualified.

Section 3. Powers and Duties. The officers shall have such powers and perform such
duties as may be provided for in the By-Laws of the Corporation or as may be delegated
to them by the Board of Directors.

ARTICLE VII - MEETINGS

Section 1. Annual Meetings. The annual meeting of the stockholders of the Corporation
shall be held on the first Monday of February of each year, or on such other date and
time as may be fixed by the Board of Directors.
Section 2. Special Meetings. Special meetings of the stockholders may be called by the
President, the Board of Directors, or by the holders of at least ten percent (10%) of the
outstanding capital stock of the Corporation.

Section 3. Place of Meetings. The annual and special meetings of the stockholders of the
Corporation shall be held at the principal office of the Corporation or at any other place
as may be designated by the Board of Directors.

ARTICLE VIII - AMENDMENTS

These Articles of Incorporation may be amended by a majority vote of the outstanding


capital stock of the Corporation or by the written assent of the stockholders
representing such majority, provided that the proposed amendment is submitted to the
stockholders at least thirty (30) days prior to the meeting at which the amendment is to
be acted upon.

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