Scribd
Upload
145 views3 pages

Sample Purposes Holding Company

The Sample Purposes Holding Company aims to acquire, own, and manage various properties, including real estate and commercial shopping centers, while exercising all rights associated with ownership. It also intends to engage in secondary activities such as purchasing and leasing properties, raising funds through debt instruments, and forming partnerships for business operations. The company is authorized to conduct lawful business both domestically and internationally, with a focus on real estate development and investment.

Uploaded by

rgbautista828
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
145 views3 pages

Sample Purposes Holding Company

The Sample Purposes Holding Company aims to acquire, own, and manage various properties, including real estate and commercial shopping centers, while exercising all rights associated with ownership. It also intends to engage in secondary activities such as purchasing and leasing properties, raising funds through debt instruments, and forming partnerships for business operations. The company is authorized to conduct lawful business both domestically and internationally, with a focus on real estate development and investment.

Uploaded by

rgbautista828
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 3

Sample Purposes Holding Company

PRIMARY PURPOSE
To acquire by purchase, exchange, assignment, gift or otherwise, and to own, use,
improve, subdivide, operate, enjoy, sell, assign, transfer, exchange, lease, let,
develop, mortgage, pledge, traffic, deal in and hold for investment or otherwise,
any or all properties of every kind and description and wherever situated and as
to the extent permitted by law (including but not limited to real estate, whether
improved or unimproved, and any interest or right therein) in order to exercise all
rights, powers and privileges of ownership or any other interest therein (including
the right to receive, collect and dispose of, any and all rentals, dividends, interest
and income derived therefrom, the right to vote on any proprietary or other
interest on any shares of the capital stock, and upon any bonds, debentures, or
other securities, having voting power so owned or held, and the right to develop,
conduct, operate and maintain the business of modernized commercial shopping
centers and all the businesses appurtenant thereto, such as but not Limited to the
conduct, operation and maintenance of shopping center spaces for rent,
amusement centers, movie or cinema theaters within the compound or premises
of the shopping centers, to construct, erect, manage and administer buildings
such as condominium, apartments, hotels and restaurants, stores or other
structures for mixed use purposes to engage in any type of real estate
development and to do such other thing incidental to any of the said business,
and generally, to buy, sell, acquire, mortgage, lease, exchange, assign, transfer,
convey, or otherwise alternate or dispose of any of its real and/or personal
properties, and any interest or right therein, including shares of stocks of
corporation insofar as necessary or expedient in conducting the business of the
corporation, provided that the corporation shall not engage in any business of an
open-end investments company as defined in the Investment Company Act (R.A.
2629), without first complying with applicable provisions of the said Act, provided
it shall not act as broker or dealer of securities. (As amended on January 24, 1994
and as further amended on July 10, 2013).
SECONDARY PURPOSES
1. To purchase, acquire, own, lease, sell and convey real properties
such as lands, buildings, factories and warehouse and machineries, equipment
and other personal properties as may be necessary or incidental to conduct of the
corporate business, and to pay in cash, shares of its capital stock, debentures and
other evidences of indebtedness, or other securities, as may be deemed
expedient, for any business or property acquired by the corporation;
2. To borrow or raise money necessary to meet the financial
requirements of its business by the issuance of bonds, promissory notes and
other evidences of indebtedness, and to secure the repayment thereof by
mortgage, pledge, deed of trust or lien upon the properties of the corporation or
to issue pursuant to law shares of its capital stock, debentures and other
evidences of indebtedness in payment for properties acquired by the corporation
or for money borrowed in the prosecution of its lawful business;
3. To invest and deal with the money and properties of the corporation
in such manner as may from time to time be considered wise or expedient for the
advancement of its interest and to sell, dispose of or transfer the business,
properties and goodwill of the corporation
or any part thereof for such consideration and under such terms as it shall see fit
to accept;
4. To aid in any manner any corporation, association or trust estate,
domestic or foreign, or any firm or individual, any shares of stock in which or any
bonds, debentures, notes, securities, evidences of indebtedness, contracts or
obligations of which are held by or for thiscorporation, directly or indirectly or
through other corporations or otherwise;
5. To enter any lawful arrangement for sharing profits, union of
interest, unitization or farmout agreement, reciprocal concession, cooperation,
with any corporation, association, partnership, syndicate, entity, person or
government, municipal or public authority, domestic or foreign, in the carrying on
of any business or transaction deemed necessary, convenient or incidental to
carrying out any of the purposes of this corporation;

6. To acquire or obtain from any government or authority, national,


provincial, municipal or otherwise, or any corporation, company or partnership or
person, such, charter, contracts, franchise, privileges, exemption, licenses and
concessions as may be conducive to any of the objects of the corporation;

7. To establish and operate one or more branch offices or agencies and


to carry on any or all of its operations and business without any restrictions as to
place or amount including the right to hold, purchase or otherwise acquire, lease,
mortgage, pledge and convey or otherwise deal in and with real and personal
property anywhere within the Philippines;

8. To conduct or transact any and all lawful business and to do or cause


to be done any one or more of the acts and things herein set forth as its purposes,
with or without the Philippines, and in any and all foreign countries, and to do
everything necessary, desirable or incidental to the accomplishment of the
purposes or the exercise of any one or more of the power herein enumerated, or
which shall at any time appear conducive to or expedient for the protection

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy