1 ARTICLES OF INCORPORATION 2 3 OF 4 5 MORA CLAN LEYTE, INC.

. 6 (Name of Corporation) 7 8 9 10Know All Men By These Presents: 11 12 The undersigned incorporators, all of legal age and majority of whom are residents of the 13Philippines, have this day voluntarily agreed to form a non-stock, non-profit corporation under 14the laws of the Republic of the Philippines. 15 16 17 THAT WE HEREBY CERTIFY: 18 19 20 FIRST: The name of this corporation shall be: 21 22 23 MORA CLAN LEYTE, INC. 24 25 26 SECOND: A. That the primary purpose for which the corporation is formed is to promote 27family ties and clannish behavior, promote collaboration and strong relationships among 28members, promote assistance to sustain and support the members who may have problems 29related to financial, spiritual, and other concerns according to the material goods of the Clan, 30and to bring members to live the Catholic faith not only by words but most especially by deeds. 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48
That the secondary purposes, for which the corporation is formed is: 1) To acquire, accept donations, purchase, own, hold, convey, sell, lease, mortgage, pledge, exchange, sell, transfer or otherwise invest, deal in or trade, in any manner permitted by law and the rules and regulations of government regulatory or licensing agencies, personal and real properties in the Philippines, improved or unimproved with Torrens Titles, as may be necessary or proper for the conduct of its business to the extent permissible by law, administer and erect, alter, construct, demolish, administer, and lease, in whole or in part, buildings, warehouse, plants, and machineries To borrow and otherwise contract indebtedness and issue notes, bonds and other evidence of indebtedness and to secure payment therefore by mortgage, pledge or deed of trust, or through encumbrances on any and all of its then-owned or afteracquired real or personal properties and assets as may be permitted by law; To enter into, make, perform and carry out, or cancel and rescind contracts of every

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49 kind and for any lawful purpose with any person, firm, association, corporation, 50 domestic or foreign, or others; 51 52 4) To do and perform any other acts and things, and to have and exercise any other 53 powers, which may be necessary, convenient and appropriate to accomplish the 54 purpose for which the corporation is organized. 55 56 57 B. That the corporation shall have all the express powers of a corporation as provided for 58under Section 36 of the Corporation Code of the Philippines. 59 60 THIRD: That the principal office of the corporation is located at Palo, Leyte, Philippines. 61 62 64 65
Name FIFTH: That the names, nationalities of and residences of the incorporators of the Nationality Address FOURTH: That the term for which the said corporation is to exist is FIFTY (50) YEARS

63from and after the date of issuance of the certificate of incorporation;

66corporation are as follows:

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SIXTH: That the number of directors of the corporation shall be NINE (9) and that the

71names, nationalities and residences of the first directors or trustees of the corporation are as 72follows:
Name Nationality Address

73 74 75
SEVENTH: That, no capital contribution and no part of its net earnings or asset shall

76belong to or inure to the benefit and / or profit of any member, organizer, officer and neither in 77favor of or to the benefit of any specific person, corporation, association or entity. Any profit and 78resources obtained, owned or acquired by the association as a result of its operations, shall be 79directly utilized for the actual conduct of the activities constituting the purposes for which it is 80organized, subject to the provision of Title XI of the Corporation Code of the Philippines. The 81Board of Directors and any officers or Committee Chairman of the association shall serve without 82remuneration, salary or compensation. 83 84 EIGHTH : In the event of dissolution, its remaining or residual assets, net of 85liabilities, shall be transferred, assigned or ceded in favor of any accredited association 86or non-stock, non-profit and non-sectarian organization organized for similar purposes, 87chosen by the Board of Directors or Trustees, or if there be none qualified, then in favor 88of the Republic of the Philippines or any of its subdivisions, instrumentalities or agencies 89for public purposes or would be distributed by a competent court of justice to another 90non-governmental organization to be used in such manner as in the judgment of the 91said court shall best accomplish the general purpose for which the dissolved 92organization was organized. 93 NINTH : That, at least seventy percent (70%) of the gross income of the

94association, as provided for and defined in the National Internal Revenue Code of the 95Philippines, and unrestricted donations or such other proportion as may hereinafter be 96required by law or regulation, shall be devoted or utilized to accomplish the purposes of 97this association; and that its level of administrative expenses, shall, on an annual basis, 98not exceed thirty percent (30%) of the total expenses and of the total donations for the 99taxable year.

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TENTH: That ________________________ has been elected by the subscribers as

102Treasurer of the Association to act as such until her successor is duly elected and qualified in 103accordance with the by-laws, and that as such Treasurer, she has been authorized to receive 104for and in the name and for the benefit of the association all subscriptions (or fees) or 105contributions or donations paid or given by the subscribers or members. 106 107
IN WITNESS WHEREOF, we have hereunto signed these By-Laws consisting of seven

108(7) pages including this page, this ____ day of ____________, in the City of Cebu City, 109Philippines.

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111 113SIGNED IN THE PRESENCE OF: 114 115 116_____________________________ 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145REPUBLIC OF THE PHILIPPINES) 146CITY OF CEBU )S.S. 147 148 149

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ACKNOWLEDGEMENT

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BEFORE ME, A Notary Public for and in City of Cebu, Philippines, this _____ day of

151___________, personally appeared the following:

Name Resident Certificate No. Issued at/on

153 154all know to me and to me know to be the same persons who executed the foregoing Articles of

155Incorporation and acknowledged to me that the same is their free and voluntary act and deed.
156 157 158 159Doc. No. _____; 160Page No. _____; 161Book No. _____; 162Series of ____.

WITNESS MY HAND AND SEAL on the date and at the place first above-written.