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Magellan Centennial Hotel was organized and incorporated in January of 2020 with an authorized share capital consisting of 6% preference shares of 50,000 and 100,000 ordinary shares at par value of P25 and P75 respectively. The incorporators made their corresponding subscriptions in shares and payments as follows: Incorporators Number of Shares Subscribed Payments Received Preference 4,000 Ordinary 12,000 11,000
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Authors: John R. Dyson