Appropriate collaterals in addition to their related financing philosophy f. Notarized Surety Contract performed because of the dealing with stockholders and every people or selection of people whose stockholdings is actually sufficient to choose on the very least you to definitely (1) director obligating by themselves as you and severally on the bank to blow timely toward maturity, or when owed, the brand new Bangko Sentral, the successors or assigns, most of the promissory notes within the disaster mortgage otherwise advance. (The us government, its subdivisions, instrumentalities and you will enterprises, and you can the us government try exempted from this requirement) (El Function Zero. 8). grams. Notarized Deed regarding Bad Vow performed from the managing stockholders and you will everyone else or band of persons whose stockholdings was adequate to elect at least one (1) movie director, together with their particular permits away from inventory. (The us government, their subdivisions, instrumentalities and enterprises, and you can the federal government is actually exempted out of this requirements.) (Este Means No. 9).