SUMPON ONG KEYSTONE LEARN RNI NG CENT NTER, R,I NC. St a .Cr uzSt r e e t ,Sump o ng ,Ma l a y b al a yCi t y8 7 00
EXCERPTSFROM THEMI MI NUTESOFTHEMO MONT NTHLYREGUL ULARME MEETI NG OFTHE BOARD OFTRUSTEESOFTHE SUMPON ONG KEYSTONELEARN RNI NG CENT NTER,I NC. , ATSTA.CRUZSTREET,SUMPONG,MALAYBALAYCI TY,BUKI DNON,HELD ON J ANUARY22 ,20 14 I nAt t endance:
Pr es ent :
JOHN ALEXANDER S.BELDEROL
-
Chai r manoft heBoar dof Trust eesandCo Corporat e Pre si dent
KI M CARLO F.TANGI AN
-
Member ,Boar dofTr us t ees , andVi cePres i dent
MARNELLI E E.BAUTI STA
-
Member ,Boar dofTr us t ees , andCorporat eSecr et ary
RI CHI ED.RABAGO
-
Member ,Boar dofTr us t ees , andCorporat eTre as urer
AI REEN JOYE.RAVANERA –DUMALAHAY -
Member ,Boar dofTr us t ees , andCor porat eMa Manager
Abs ent :
NONE
RESOL OLUT UTI ON NO.BT01 22 20 14
A RESOLUTI ON AUTHORI ZI NG THE CORPORATE MANAGER AI REEN JOY E. RAVANERA – DUMAL DUMALAHAY, TO ENTER I NTO LOANS AND ACCESSORY EYRI EBANK,I NC.( MALAYBALAYBRANCH) , AGREEMENTSWI TH THE FOR AND ND I N M PONG NG KEYSTONE LEARNI NI NG CENTER,I NC. BEHALF OF THE SUMP AS STATED BELOW: W:
WHEREAS,SUMPONG NG KEYSTONE NE LEARNI NG CENTER, R,I NC.a no n s t o c k,no npr o fite d uc a t i o nali ns t i t ut i o n,s e e kst oadv anc ei t sgo alo fho l i s t i cs t ude ntd e v el o pme nti n l i newi wi t hi t ss t at e dPur p os e si nt heAr t i c l e so fI nc o r p o r at i o n;
WHEREAS,t hi sg o alc a nb es tb ea c hi e v e db yt hec o ns t r uc t i o na ndo pe r a t i o no fa ddi t i o na l f ac i l i t i e s ,s uc hast hepr o po s e d One( 1)St oreyCl ass room /Li braryBui l di nga tSt a . Cr u zSt r e e t ,Sumpo ng ,Ma l a y ba l a yCi t y ,i nt het o t a le s t i ma t e da mo unto fSi xMi l l i o nPe s o s ( ₱6, 000, 000. 00) ;
WHEREAS,t he p r e s e ntf und so ft he c o r p o r a t i o na r eno ts uffic i e ntt o und e r t a ke s a i d pr o j e c twi t ho utt heas s i s t anc eo fl e ndi ngf ac i l i t i e s ; THEREFORE;a f t e rt ho r o u g hd e l i b e r a t i o na ndo nmo t i o nb yBo a r dMe mb e rKI M CARLO F.TANGI AN dul ys e c o nde db y Chai r man o ft he Bo ar d JOHN ALEXANDER S. BELDEROL,i twas ,
RESOLVED,a si ti she r e b yr e s o l v e d,t ha tt hec o r p o r a t i o nb ee mpo we r e danda ut ho r i z e dt o appl yf o r ,ne go t i at e ,o bt ai nl o ansf r o m EYRI E BANK,I NC.( MALAYBALAY BRANCH) , r e p r e s e n t e db yi t sGe n e r a lMa na g e rJONATHAN L.DENSI NG,i nc l ud i ngt her e n e wa l , e x t e ns i o n and/ o ri nc r e as e ,r o l l o v e ro rr e s t r uc t ur i ng t he r e o f ,and/ o ro fi t se x i s t i ngc r e di t f a c i l i t i e si ns uc ha mo u nt ( s )a nd und e rs u c ht e r msand c o n di t i o n sa sma yb e mut ua l l y a g r e e d up o n,a nd t os e c ur ea nd g ua r a n t e et hep a y me n to ft hea f o r e s a i dl o a no rc r e d i t f a c i l i t i e sb yme a nso fmo r t g ag e ,p l e d ge ,a s s i g nme nto ra n yo t he rf o r mo fe nc u mb r a nc eu po n a nya nd a l lpr o pe r t i e so ra s s e t so ft hec o r p o r a t i o no fwha t e v e rki nd o rna t ur e ,r e a lo r p e r s o n al ,a sma ybes u ffic i e nto rr e q ui r e df o rt hepur p o s e .
RESOLVED,FURTHER,asi ti she r e byr e s o l v e d,t ha tAI REEN JOY E.RAVANERA – DUMALAHAY,Co r p o r at eMa na ge r ,b eaut ho r i z e dt os i g n,e x e c u t e ,a ndde l i v e ra nyanda l l d o c ume nt si nc l udi ng b utno tl i mi t e dt ol o a na pp l i c a t i o n,di s c l o s u r es t a t e me nt ,pur p o s e s he e t ,appl i c a t i o nf o rl e t t e r sofc r e di t ,pr o mi s s o r y no t e ,dr a f t ,s ur e t y agr e e me nt ,t r us t r e c e i pt ,
mo r t ga ge s ,
pl e dge ,
as s i gnme nt ,
and
t he
l i ke ,
i nc l udi ng
t he
r e ne wa l s / e x t e ns i o ns / i nc r e a s e / a me ndme nt s / r e s t r uc t ur i ngt he r e o f ,i no r d e rt oe ffe c t ua t et he f o r e g o i ngma t t e r s .
NAME :
Ai r eenJoyE.Ravaner a–Dumal ahay
Cor porat eManager
POSI TI ON : SI GNATURE:
RESOLVED,FI NALLY t hat EYRI E BANK,I NC. ( MALAYBALAY BRANCH)be f ur ni s he dac o p yo ft hef o r e g o i ngr e s o l ut i o nsf o ri t sg ui da nc ea ndma yc o nt i nuet or e l yo n t he a ut ho r i t y c o nf e r r e d t he r e o n ,i nc l ud i ng t he r e ne wa l ,i nc r e a s e ,r o l l o v e ra nd / o r r e s t r uc t ur i ngt he r e o f ,unl e s sande x c e ptt ot hee xt e ntt hatt hef o r e g oi ngr e s o l ut i o nss hal lbe r e v o k e do rmo di fie db yt her e c e i p to fa nys ub s e que ntr e s o l ut i o n/ so ft heBo ar do fTr us t e e so f t heCo r p o r a t i o n.
UNANI MOUSLY CARRI ED: January22,2014
WE CONCUR:
JOHN ALEXANDER S.BELDEROL
KI M CARLO F.TANGI AN
Chai r manandPr e s i de nt
Vi c e-Pr e s i de nt
MARNELLI E E.BAUTI STA
RI CHI E D.RABAGO
Se c r e t ar y
Tr e as ur e r
AI REEN JOYE.RAVANERA –DUMALAHAY Cor por at eManager
IHEREBYCERTI FY t ot hec o r r e c t ne s so ft hef o r go i ngr e s o l ut i o n.
MARNELLI E E.BAUTI STA Corporat eSecr et ary ATTESTED BY:
JOHN ALEXANDER S.BELDEROL Chai rmanandPr es i dent ,SumpongKeys t oneLear ni ngCent er ,I nc.
REPUBLI COFTHEPHI LI PPI NES} CI TYOFMALAYBALAY }S. S.
S E CR E T A R Y’ S
C E R T I F I C AT E
l i eE.Baut i s t a,Fi I ,Marnel l i pi no ,o fl e g alag e ,wi t ho ffic eaddr e s satSt a .Cr uzSt r e e t , Sump o ng ,Ma l a y b al a yCi t y , a f t e rb e i ngs wo r ni na c c o r d anc ewi t hl a w,d ohe r e b yde p o s ea nd s t at ea sf o l l o ws :
1.ThatIam t he i ncumbentCor por at e Sec r e t ar y of Sumpong Keys t one Learni ng Cent er ,ac o r p o r a t i o nd ul yo r g ani z e da nde x i s t i ngund e rPhi l i p pi nel a ws ,wi t h pr i nc i pa l o ffic ea tSt a .Cr u zSt r e e t ,Sump o ng ,Ma l a y b al a yCi t y ;
2.Thatdur i ngt he r egul armee t i ng oft heBoar d ofTr us t ee shel d on22 Januar y2014, whe r e i naq uo r um wa spr e s e nta nda c t e dt hr o ug ho u t ,a f t e rb e i ngi nf o r me do ft hene c e s s i t y o fo bt a i ni ngl o ansa nd/ o rc r e d i ta c c o mmo da t i o nwi t ha nyb anki ng/l e ndi ngi ns t i t ut i o n,t o 1)St oreyCl ass room /Li brary g e ne r a t ef und sf o rt hepur p o s eo fc o ns t r u c t i nga One( Bui l di ng,t heBo ar dappr o v e dt hef o l l o wi ngr e s o l ut i o n,t owi t :
RESOLUTI ON NO.BT01 22 20 14 “ RESOLVE , D asi ti she r e byr e s o l v e d,t hatt hec o r po r at i o nbee mpo we r e dandaut ho r i z e dt o appl yf o r ,ne g o t i at e ,o bt ai nl o ansf r o m EYRI E BANK,I NC.( MALAYBALAY BRANCH) , r e pre s e nt e d byi t sGe ne r alManage J r ONATHAN L.DENSI NG ,i nc l udi ngt her e ne wal , e x t e ns i o n and/o ri nc r e as e ,r o l l o v e ro rr e s t r uc t ur i ng t he r e o f ,and/o ro fi t se x i s t i ng c r e di t f ac i l i t i e si ns uc hamo unt ( s )andunde rs uc ht e r msandc o ndi t i o nsasmaybemut ual l yagr e e d upo n,andt os e c u r eandg uar ant e et hepa y me n to ft heaf o r e s a i dl o ano rc r e di tf ac i l i t i e sb y me a nso fmo r t g a g e ,p l e dg e ,a s s i g nme nto ra nyo t he rf o r mo fe nc umb r a nc eu po na nya nda l l pr o pe r t i e so ras s e t so ft hec o r po r at i o no fwhat e v e rki ndo rnat ur e ,r e alo rpe r s o nal ,asmaybe s uffic i e nto rr e qui r e df o rt hepur po s e . ”
“ RESOLVED,FURTHE , R asi ti she r e byr e s o l v e d,t ha A t I REEN JOY E.RAVANERA – DUMALAHA , Y Co r po r at eMa nag e r ,beaut ho r i z e dt os i gn,e x e c ut e ,andde l i v e ranyandal l do c u me n t si nc l udi ng b utno tl i mi t e dt ol o a na pp l i c a t i o n,di s c l o s u r es t at e me n t ,p ur p o s e s he e t ,appl i c at i o nf o rl e t t e r so fc r e di t ,pr o mi s s o r yno t e ,dr af t ,s ur e t yagr e e me nt ,t r us tr e c e i pt , mo r t g a g e s ,p l e dg e ,a s s i g nme nt ,a nd t he l i k e ,i nc l udi ng t he r e ne wa l s/ e x t e ns i o ns / i nc r e a s e/ame ndme nt s/r e s t r uc t ur i ngt he r e o f ,i no r de rt oe ffe c t uat et hef o r e g oi ngmat t e r s . ”
NAME: POSI TI ON :
Ai r e e nJoyE.Ravane r a–Dumal ahay Cor por at eManager
SI GNATURE : “ RESOLVED,FI NALLY t hat EYRI E BANK,I NC.( MALAYBALAY BRANCH)be f ur ni s he dac o pyo ft hef o r e go i ngr e s o l ut i o nsf o ri t sgui danc eandmayc o nt i nuet or e l yo nt he aut ho r i t yc o nf e r r e dt he r e o n,i nc l udi ngt her e ne wal ,i nc r e as e ,r o l l o v e rand/o rr e s t r uc t ur i ng t he r e o f ,unl e s sand e x c e p tt ot hee x t e ntt hatt hef o r e g o i ngr e s o l ut i o nss hal lb er e v o ke do r mo di fie db yt her e c e i p to fa ny s ub s e q ue ntr e s o l ut i o n/so ft heBo a r do fTr us t e e so ft he Co r p o r at i o n. ”
UNANI MOUSLYCARRI ED:
January22,2014
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