Articles of Incorporation of ST.Francis Park Home-Owners Association
January 12, 2010
That we, the undersigned, all of legal ages, Filipino citizens and residents of the Philippines,
have this day voluntarily associated ourselves for the purpose of forming a non-stock, non -profit
corporation under the laws of the Republicof the Philippines particularly Section 2(a) of
Executive Order No.535, dated May 3,1979;
AND WE HEREBY CERTIFY:
1. That the Name of the said Corporation shall be
SAINT FRANCIS PARK HOME-OWNERS ASSOCIATION, INC.
2. That the purpose for which said corporation is formed as follows:
1. To construct,manage, maintain and operaten adequate facilities and services for its members;
2.To initiate, and organize socio-cultural projects and activities which will awaken community
consciousness and belonging.
3.To promote,enhance and foster the development and improvement of the quality of life of
the members through livelihood projects and other economic activities;
4. To acquire, accept donations, purchase, own, hold, develop,lease, mortgage
pledge,exchage, sell,transfer,or otherwise invest, deal in or trade,in any manner permitted
law, real and personal property of every kind and description,or any interest therein, as
maybe necessary for the accomplishment of the purposes of the Association.
5. To borrow, and otherwise contract indebtedness and to secure payment therefore by
mortgage, pledge or deed or trust or through encumbrance or any or all its then-owned of after
acquired real and personal properties and assets;
6.To enter into, make, perform and carry out or cancel and rescind contracts of every kind
and for any lawful purposes with any person, firm, association, corporation, domestic or
foreign or others; and
7. To do and perform any other acts and things, and to have and exercise any other powers
which may be necessary, convenient and appropriate to accomplish the purpose for which the
Association is organized.
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