CENTRAL PARK ACADEMY

Km 7, Bangkal, Davao City

Minutes of the CPA Special Board Meeting held at the Principals Office,
Bangkal, Davao City last December 13, 2013.
Members present are Ptr. Jeremias A. Valleramos, Atty. Benjamin C. De
Guzman, Jeremias L. Monreal, Josifin P. Tabiosa, Eliezer G. Ramonal Jr and
Rosalinda T. Ramonal.
Openng Prayer:

Pastor Jeremias A. Valleramos

The Chairman, Pastor Jeremias A. Valleramos called the meeting to

order at exactly 3:00 pm. There being a quorum, the meeting proceeded as
scheduled; the agenda was approved as basis of discussion.
The approval of previous minutes of meeting was moved by the
chairman Jeremias A. Valleramos and seconded by Eliezer G. Ramonal Jr.
AGENDA:
1. It was moved and duly seconded to authorize and sell of property
registered under TCT 146-2010004975 situated at Km. 7, Bangkal;
Davao City owned by the Central Park Academy to include all the
improvements thereof and to authorize Ptr. Jeremias A. Valleramos
the sale of the said property in behalf of the institution at a price
reasonable in full payment and to sign all documents related to the
sale.
The motion approved by the Board, there being no objection.
2. It was moved and duly seconded to barrow the amount of One
Million (1,000,000) pesos with 3% monthly interest from North
Davao Colleges to be given to Mr. Algerico M. Bolos in a compromise
agreement on a condition that he should surrender the title with
TCT#146-2010004975 located at Bangkal, Davao City. This
compromise agreement was finalize last December 10, 2013 at
10:00 am in the Sala of Honorable Judge Fuentes, Branch 10,
Regional Trial Court, Davao City.
The motion approved by the Board, there being no objection.
3. It was moved and duly seconded to approved and finalize the
amounts of accounts payable to the following; Anita Somoso

Valleramos, CPA suppliers, RVA suppliers and SSS, BCG Honorarium,

Severance pay, Payroll for the month of February to May, and
others.
There motion approved by the Board, there being no objection.
There being no further business matters taken up, the meeting was
adjourned upon motion of Jeremias L. Monreal without objection at
exactly 6:00 pm.
Prayer: Eliezer G. Ramonal Jr.

I HEREBY ATTEST TO THE CORRECTNESS OF THE SAID MINUTES

TAKEN DOWN AS ACTING SECRETARY DUE TO THE ABSENCE OF THE
CORPORATE SECRETARY AT THE PLACE, DATE & TIMES ABOVE STATED.

JOSIFIN P. TABIOSA
Secretary

Attested by:
JEREMIAS A. VALLERAMOS
CPA - Chairman