At the motion of Mr. Marcos Caparas and seconded by Mr.

Alejandro Bayla, that for the good

of the corporation and the prompt termination of civil case No. 3125 entitled 'Vicente F.
Villanueva et al. vs. Lino Gomez et al. ', In the Court of First Instance of Cavite, where not a
small amount of the Corporation was spent and spent, was resolved and approved by the
Board of Directors the following: "(a) That it be left without effect what was approved by the
Board of Directors on March 3, 1935, art. 11, sec. 162, on the collections that will be made by
the Secretary Treasurer of the Corporation to the shareholders who had taken or subscribed
new shares and that these were allowed pay 20% of the value of the subscribed shares in a
year, with 6% interest and the payment or wage that will be made per quarter. "(b) It will be left
without effect, given that the entire value of the 123 shares, taken from the unissued stock
(unissued stock) of the Corporation and which were subscribed by the following: Lino Gomez
Venancio Toledo Melchor P. Benitez I saias Videfia Esteban Velasco Numenano S. Aldaba
Inocencio Cruz Paz Toledo Josefa Naval Sofronio Bayla Dionisio Dungca 10 Actions 8 Actions
17 Actions 14 Actions 10 Actions 15 Actions 8 Actions 15 Actions 15 Actions 8 Actions 3
Actions and return the people described above the entire amount that they had paid for the
123 actions. "(c) That the approval of the Board of Directors on March 3, 1935, art. V. sec. 165,
on the exchange or exchange of the 31 shares of the Treasury Stock, against the 32 shares of
Mr. Numeriano Aldaba, in the NorthernLuzon Transportation Co. corporation and return to Mr.
NumerianoAldaba the 32 shares mentioned after £ 1 has returned the certificate of the 31
shares of the Silang Traffic Co., Inc. "(D) Allow the Treasurer of the Corporation to return the
amounts paid for the 123 shares in the above-mentioned persons.