Article No. |
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Two (Primary Purpose) |
To develop, invest in, own, acquire, administer, construct and operate hotels, resorts, apartelles, condominiums, townhouses, buildings, other tourist-related structures, and their usual facilities, including but not limited to, the operation of transportation or shuttle services for tourists in all its various forms by means of automobiles, motor cars, buses, trucks, cruise lines, yachts, boats, luxury vessels, leisure and sports crafts, and other similar modes of transportation and conveyances of every kind and description as may be allowed by law |
To develop, invest in, own, acquire, administer, construct and operate hotels, resorts, apartelles, residential subdivisions, condominiums, townhouses, buildings, other tourist-related structures, and their usual facilities, including but not limited to, the operation of transportation or shuttle services for tourists in all its various forms by means of automobiles, motor cars, buses, trucks, cruise lines, yachts, boats, luxury vessels, leisure and sports crafts, and other similar modes of transportation and conveyances of every kind and description as may be allowed by law |
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Two (Secondary Purpose) |
To borrow or raise money 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 or debentures, in payment for properties acquired by the corporation or for money borrowed in the prosecution of its lawful business |
To borrow or raise money necessary for any of the purposes of the corporation, and from time to time without limit as to amount to draw, make, accept, endorse, discount, transfer, assign, execute and issue 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 or debentures, in payment for properties acquired by the corporation or for money borrowed in the prosecution of its lawful business |
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Two (Secondary Purpose) |
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To apply for, obtain, register, purchase, lease, or otherwise acquire, and to the extent authorized by law, to hold, use, own, sell, assign, and otherwise dispose of any trademarks, trade names, distinctive marks, patients, inventions, improvements and processes, used in connection with or secured under letters patent of the Philippines or of any foreign country, and to use, exercise, grant licenses in respect of any patents, inventions, processes and the like or any such property or rights |
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