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An Articles of Incorporation filed with the SEC contained the following provisions: Article III - The principal office of the corporation shall be located in

An Articles of Incorporation filed with the SEC contained the following provisions: Article III - The principal office of the corporation shall be located in Region III, in such municipality therein as its Board of Directors may designate Article VII - The capital stock of the corporation is one million pesos (PHP 1,000,000.00) What are your comments, if any, to these provisions?

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