Doña Josefa E. Marcos
SEC Opinion • Securities and Exchange Commission • Opinions • Jun 18, 1981
Full text
June 18, 1981 Doa Josefa E. Marcos Pangarap House Malacaang, Manila Madam : This refers to your letter-query dated June 11, 1981 asking whether under the provision of Second Article (B) (4) of the articles of incorporation of the DOA JOSEFA EDRALIN MARCOS FOUNDATION, as amended, the Foundation may borrow money from any person or join another as guarantor/co-maker in a contemplated loan application. cdll As expressly stated in the above-mentioned provision, the Foundation has the power and authority to do so. We therefor answer your query in the affirmative. Very truly yours, (SGD.) ROSARIO N. LOPEZ Director Corporate and Legal Department
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