KNOW ALL MEN BY THESE PRESENTS:

 

            That we, retired alumni of the Philippine Military Academy, all of legal age, citizens and residents of the Philippines, have this day freely and voluntarily associated ourselves together for the purpose of establishing a non-stock and nonprofit corporation under the laws of the Philippines.

 

            AND WE HEREBY CERTIFY:

 

            FIRST - That the name of the corporation shall be Business, Industry and Retired Cavaliers, Inc.

 

            SECOND - That the purpose of the corporation is:

1. To safeguard and maintain the prestige and reputation of the Philippine Military Academy and live up to the Academy’s ideals of Courage, Integrity and Loyalty;

2. To help maintain the highest standard of discipline, morale and esprit de corps in the Armed Forces of the Philippines, the Philippine National Police, and the Philippine Coast Guard; (As amended by the Board of Directors on 7 January 2015 and by the members on 9 January 2015)

3. To strengthen the spirit of camaraderie among its members and enhance their professional and career development;

4. To promote the general welfare and the interest of its members;

5. To carry on the sound and time-honored military customs and traditions, and perpetuate the memory of departed alumni;

6. To provide a medium of information exchange and a forum for interaction that will promote national interest; and

7. To assume an advocacy role on issues affecting national interest.

 

     The purpose for which the corporation is created is one of those enumerated under Sec 30 (G) of the National Internal Revenue Code of 1997, as amended, which states, “Civic league or organization not organized for profit but operated exclusively for the promotion of social welfare”. (As amended by the Board of Directors on 7 January 2015 and by the members on 9 January 2015)

 

 

THIRD - That the corporation shall, in the furtherance of the aforesaid purpose, and not in limitation of the powers granted by the laws of the Philippines, have the powers:

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1. To solicit and/or accept any donation, contribution, gift, endowment, bequest, legacy or inheritance, or any other assets, and to make use or dispose of them as may be necessary to carry out the purpose and activities of the corporation;

2. To invest or exchange any portion of its revenues, earnings or capital in the purchase or acquisition of shares of stock or bonds of other corporations, in real estate or other kinds of investments, and to these ends, to deal in any manner whatsoever with any of its holdings, properties, investments and shares of stock as the corporation may devise or need from time to time to carry out its purpose and activities;] ( Deleted by the Board of Directors on 7 January 2015 and by the members on 9 January 2015)

3. To organize, conduct and carry on any activity whatsoever necessary, proper or incidental to the purpose of the corporation; and

4. Generally, to do all such things, engage in and transact such business and exercise such powers and authority as may be necessary to carry out the purpose of the corporation.

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     FOURTH - That the place where the principal office of the corporation is to be located is at the PMA Alumni Center, A. Luna Avenue, Camp Emilio Aguinaldo, Quezon City, Philippines. (As amended by the Board of Directors on 7 January 2015 and by the members on 9 January 2015)

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     FIFTH - That the corporation shall be established and exist for a period of fifty (50) years from and after the date of its incorporation, renewable for such other term as may be allowable under the laws of the Philippines.

 

     SIXTH - That the names, citizenships and residences of the Incorporators of the corporation are as follows:

 

•                            Citizenship       Residence

 

Ramon E Montaño                       Filipino               21Laoag St., Alabang Hills, Muntinlupa City

Jose Maria G Solquillo                 Filipino               Q-15 McArthur Ave., Ft. Bonifacio, Makati City

Manuel P Oxales                         Filipino               52 Matimtiman St., Teachers Vill., Diliman, Quezon City

Juanito B Aguias                         Filipino               12A Mariposa St., Mariposa Villas, Cubao, Quezon City

Ruperto C Molato                        Filipino               96 FC Santos St., BF Homes, Parañaque City

Fredelino S Bautista                    Filipino               7 Colt St., Cavalry Hill, Ft. Bonifacio, Makati City

Aurellio S Ugalde                        Filipino               45 Cooper St., San Francisco del Monte, Quezon City

Justino A Padiernos                    Filipino               3 Amery St., North Fairview, Quezon City

Conrado K Tolentino                    Filipino               18 Biscayne St., Fairview Park Subdv., Quezon City

Prudencio B Regis                       Filipino               8 Promenade Lane, Blue Ridge “B”, Quezon City.

Rosalino A Alquiza                      Filipino               22 Riverdale St., St. Ignatius Village, Quezon City

Madriño C Muñoz                       Filipino               621 Acacia Ave., Ayala Alabang, Muntinlupa City

Pedro R Balbanero                      Filipino               Liberty Homes Subd., Cupang, Muntinlupa City

 

            That the affairs and business of the corporation shall be governed by a board of eleven (11) directors, and the names and residences of the incorporating directors of the corporation who are to serve until their successors are elected and qualified, as provided by the Bylaws of the corporation, are as follows:

 

•                                        Citizenship       Residence

 

Ramon E Montaño                   Filipino             21Laoag St., Alabang Hills, Muntinlupa City

Jose Maria G Solquillo              Filipino             Q-15 McArthur Ave., Ft. Bonifacio, Makati City

Manuel P Oxales                      Filipino             52 Matimtiman St., Teachers Vill., Diliman, Quezon City

Juanito B Aguias                      Filipino             12A Mariposa St., Mariposa Villas, Cubao, Quezon City          

Ruperto C Molato                     Filipino             96 FC Santos St., BF Homes, Parañaque City

Fredelino S Bautista                 Filipino             7 Colt St., Cavalry Hill, Ft. Bonifacio, Makati City

Aurellio S Ugalde                     Filipino             45 Cooper St., San Francisco del Monte, Quezon City

Romulo R Cabantac                 Filipino             2681 Concord Lane, Brookside Hills, Cainta, Rizal

Justino A Padiernos                 Filipino             3 Amery St., North Fairview, Quezon City

Rene Leandro P Ebro              Filipino             10-B Ilang Ilang, Navy Village, Ft. Bonifacio, Makati City

Conrado K Tolentino                Filipino             18 Biscayne St., Fairview Park Subdv., Quezon City

 

         That the persons indicated hereinabove as incorporators and directors are members of the corporation. Additional members may be qualified to the corporation in accordance with its Bylaws. And a list of new members shall be submitted to the Security and Exchange Commission from time to time.

 

            That the corporation shall have no capital stock, and no part of its net earnings or income shall inure to the pecuniary benefit of any individual, contributor, donor or member, or any other corporation, association or entity. In the event that the corporation is to be dissolved, its remaining net assets shall be transferred or ceded in favor of any other corporation of its choice established and dedicated to the same or similar purpose or, if there be none qualified, in favor of the Republic of the Philippines or any its agencies or instruments.

 

            That at least sixty percent (60%) of its gross income and unrestricted donations shall be devoted to the pursuit of the purpose and activities of the corporation enumerated hereinabove. Further, not more than thirty percent (30%) of the gross income and not more than ten percent (10%) of the unrestricted donations shall be used for general and administrative expense. I. That no director of the corporation shall receive any compensation for his services as such.

 

            ELEVENTH - That Juanito B Aquias has been elected by the members of the corporation as the Traeasurer thereof, to act such until his successor is duly elected and qualified in accordance with the Bylaws, and that as such Treasurer, he has been authorized to receive for and on behalf of the corporation all dues, fees, contributions, donations, assessments and other funds and/or properties to which the corporation is entitled.

 

            That the amount of Fifteen Thousand Pesos (P15,000.00) only has been set aside for the initial funding and maintenance of the corporation.

 

            We have hereunto set our hands this 12th day of April 2000 at Camp Aguinaldo, Quezon City, Philippines.

 

(Sgd) RAMON E MONTANO

 

            (Sgd) JOSE MARIA G SOLQUILLO              (Sgd) MANUEL P OXALES

     

            (Sgd) JUANITO B AQUIAS                            (Sgd) RUPERTO P MOLATO

      

            (Sgd) FREDELINO S BAUTISTA                   (Sgd) AURELIO S UGALDE

      

            (Sgd) ROMULO R CABANTAC                     (Sgd) JUSTINO A PADIERNOS

      

            (Sgd) RENE LEANDRO P EBRO                   (Sgd) CONRADO K TOLENTINO

      

            (Sgd) PRUDENCIO B REGIS                        (Sgd) ROSALINO A ALQUIZA

      

            (Sgd) MADRINO C MUNOZ                           (Sgd) PEDRO R BALBANERO