Anda di halaman 1dari 12

ARTICLES OF COOPERATION

of
Monato Institute of Technology Inc. Credit Cooperative

KNOW ALL MEN BY THESE PRESENTS:

We, the undersigned Filipino citizens, of legal age and residents of the
Philippines, with a firm collective intent, have come together to organize
voluntarily an Credit Cooperative to advance what we believe is our inherent
right, under the laws of the Republic of the Philippines.

AND WE HEREBY CERTIFY:

Article I
Name of the Cooperative

That the name of this Cooperative shall be Monato Institute of Technology Inc.
Credit Cooperative.

Article II
Purposes

That the purposes for which this Cooperative is organized are to engage
in:

1. Encouraging thrift and savings mobilization among the members;

2. Generating funds and extending credit to the members for productive


and provident purposes;

3. Encouraging and supporting members the systematic production, value


addition and marketing activities;

4. Developing expertise and skills among its members;

5. Providing protection to the loans and funds of the members;

6. Promoting and advancing the economic and social status of the


members;

7. Coordinating and facilitating the activities of cooperatives;

8. Advocating for the cause of the cooperative movements;

9. Ensuring the viability of cooperatives through the utilization of new


technologies; and

10. Encouraging and promoting self-help or self-employment as an


engine for economic growth and poverty alleviation.

1|Pa ge M o n a t o I n s ti t u t e o f t e c h n o l o g y I n c . C r e d i t C o o p e r a ti v e
A r ti c l e s o f C o o p e r a ti o n
2|Pa ge M o n a t o I n s ti t u t e o f t e c h n o l o g y I n c . C r e d i t C o o p e r a ti v e
A r ti c l e s o f C o o p e r a ti o n
Article III
Goals

That the goals of this Cooperative are to help improve the quality of life of its
members and thereby contribute to inclusive growth, enterprise development
and employment. In furtherance thereto, it shall aim:

1. To attain increased income, savings, investments, productivity, and


purchasing power, and promote among themselves equitable distribution
of net surplus through maximum utilization of economies of scale, cost-
sharing and risk-sharing;

2. To provide optimum social and economic benefits to its members;

3. To teach members efficient ways of doing things in a Cooperative


manner;

4. To propagate Cooperative practices and innovative ideas in business


undertakings and management;

5. To empower through provision of access, ownership, control and


opportunities to the poor, vulnerable, lower income and less privileged
groups to increase their ownership in the wealth of the nation;

6. To actively support the government, other Cooperatives and people


oriented organizations, both local and foreign, in promoting Cooperatives
as a practical means towards sustainable socio-economic development
under a truly just and democratic society;

7. To develop a dynamic savings mobilization and capital build-up schemes


to sustain its developmental activities and long-term investments,
thereby ensuring optimum economic benefits to the members, their
families and the communities;

8. To adopt membership expansion mechanism/scheme, thereby ensuring


growth of the Cooperative movement;

9. To implement policy guidelines that will ensure transparency,


accountability and equitable access to its resources and services, and
promote the interests of the members;

10. To adopt such other plans as may help foster the welfare of the
members, their families and the community;

11. To advance the competitiveness and innovativeness of the


industry;

12. To coordinate with other Cooperatives on learning exchanges, coop


trade, and information exchanges in fostering sustainable development;

13. To advocate legal framework and enabling policies appropriate for


the development of credit Cooperatives; and

3|Pa ge M o n a t o I n s ti t u t e o f t e c h n o l o g y I n c . C r e d i t C o o p e r a ti v e
A r ti c l e s o f C o o p e r a ti o n
14. To be the voice and the institution of the poor and the excluded in
resisting the growth-centered development aggression and instead
promote people-centered development.

Article IV
Powers and Capacities

That the powers, rights and capacities of this Cooperative are those
prescribed under Article 9 of Republic Act 9520.

1. To the exclusive use of its registered name;

2. To sue and be sued;

3. Of succession;

4. To amend its Articles of Cooperation in accordance with the provisions


of RA 9520;

5. To adopt by-laws not contrary to law, morals or public policy, and to


amend and repeal the same in accordance with RA 9520;

6. To purchase, receive, take or grant, hold, convey, sell, lease, pledge,


mortgage, and otherwise deal with such real and personal property as
the transaction of the lawful affairs of the Cooperative may reasonably
and necessarily require, subject to the limitations prescribed by law
and the Constitution;

7. To enter into division, merger, or consolidation, as provided under RA


9520;

8. To form subsidiary Cooperatives and join federations or unions, as


provided in this Code;

9. To avail of loans, be entitled to credit and to accept and receive grants,


donations and assistance from foreign and domestic sources subject to
the conditions of said loans, credits, grants, donations or assistance
that will not undermine the autonomy of the cooperative. The
Authority, upon written request, shall provide necessary assistance in
the documentary requirements for the loans, credit, grants, donations
and other financial support;

10. To avail preferential rights granted to Cooperatives under RA 7160,


otherwise known as the Local Government Code, and other laws,
particularly those in the grant of franchises to establish, construct,
operate and maintain ferries, wharves, markets or slaughters houses
and to lease public utilities, including access to extension and on-site
research services and facilities related to agriculture and fishery
activities;
11. Name Postal Address
To 1. Ayuban, Michael Ryan H. Poblacion, Prosperidad, Agusan del Sur
2. Bentoso, Melissa O. Salvacion, Prosperidad, Agusan del Sur
3. Betito, Princess Carmela M. P-15 Poblacion, Prosperidad, Agusan del Sur
4. Bonsubre, Louie Jay T. Poblacion, Prosperidad, Agusan del Sur
5. Da-ano, Samuil L. P-9 Poblacion, Prosperidad, Agusan del Sur
6. Gavino, Kenneth Paul S. P-9 Poblacion, Prosperidad, Agusan del Sur
7. Lacay, Amado G. P-5 Poblacion, Prosperidad, Agusan del Sur
8. Laurel, Rebecca A. P- Poblacion, Prosperidad, Agusan del Sur
9. Luca, Jennifer F. P25Poblacion, Prosperidad, Agusan del Sur
10. Monato Marceliano III P. Poblacion, Prosperidad, Agusan del Sur
11. Monato, Marceliano Jr. B. Poblacion, Prosperidad, Agusan del Sur
12. Monato Silvestra P. Poblacion, Prosperidad, Agusan del Sur

exercise such other powers granted


under RA 9520 or necessary to carry
out its purposes as stated in this That the
Articles of Cooperation; and membership
of this
Cooperative
shall come
12. To act as Guardian Cooperative from the
and accept the responsibilities of Province of
supervising and monitoring the Agusan del
activities of the Laboratory Sur and
Cooperative and act in its behalf in Agusan del
dealings with third parties when Norte. Its
capacity to contract is required. principal office
shall be
located at
Monato
Article V Institute of
Term of Existence Technology
Building,
Purok 13,
That the term for which this Poblacion,
Cooperative shall exist is Fifty (50) years Prosperidad,
from the date of its registration with the Agusan del
Cooperative Development Authority. Sur.

Article VIII
Article VI Name and
Common Bond and Field of Membership Address of
Cooperators
That the common bond of
membership of this That
Cooperative is the name
___________________and the field of and
membership shall complete
be open to all postal
___________________ who are natural persons, address of
Filipino citizens, of legal age, with the the
capacity to contract and possess all the cooperators
qualifications and none of the are as
disqualifications provided for in the By-laws follows:
and this Articles of Cooperation.

Article VII
Area of Operation
Name Postal Address
1. Monato, Feliciana B. Poblacion, Prosperidad, Agusan del Sur
2. Mondragon, James J. P-15 Purok 14, Poblacion, Prosperidad, Agusan del Sur
3. Montefalcon, Marilou A. Las Navas Poblacion, Prosperidad, Agusan del Sur
4. Salalima, Richard T. P-16 Poblacion, Prosperidad, Agusan del Sur
5. Sanchez, Eugene J. Bayobo, Salvacion, Prosperidad, Agusan del Sur
6. Timonel, Jason R. Sta. Maria, Prosperidad, Agusan del Sur
7. Curato Saturnino D. Purok 13, Poblacion, Prosperidad, Agusan del Sur
8. Curato, Ma. Paz M. Purok 13, Poblacion, Prosperidad, Agusan del Sur
9. Monato, Marcelyn P. Purok 13, Poblacion, Prosperidad, Agusan del Sur
10. Monato, Emenio B. Purok 13, Poblacion, Prosperidad, Agusan del Sur
11. Monato, Huberto B. Purok 13, Poblacion, Prosperidad, Agusan del Sur
12. Monato, Marlon R. Purok 13, Poblacion, Prosperidad, Agusan del Sur
13. Cabodbod, Renalyn Purok 13, Poblacion, Prosperidad, Agusan del Sur
14. Laurel, Carl Isaac Poblacion, Prosperidad, Agusan del Sur
15. Bagacay, Jerson Sta. Irene, Prosperidad, Agusan del Sur

Article IX
Board of Directors

That the number of Directors of this Cooperative shall be Five (5) and shall
serve until their successors shall have been elected and qualified within ___
days from the date of registration as provided in the By-laws.

Name
1. Curato, Ma. Paz M
2. Curato Saturnino
3. Monato, Marceliano Jr.
4. Laurel, Rebecca A.
5. Da-ano, Samuil

Article X
Capitalization

That the Authorized Share Capital of this Cooperative is One Million PESOS
(Php 1,000,000), divided into:
a. One million (1,000,000) common shares with a par value of One Peso
(Php 1.00 ) per share; and

Article XI
Subscribed and Paid-up Share Capital

That of the authorized share capital, the amount


of
Two Hundred Fifty Thousand (Php 250,000) has been subscribed, and Sixty
Two Thousand Five Hundred (Php 62, 500) of the total subscription has been
paid by the following members-subscribers:

A. Common Share
Amount
No. of Amount of No. of of Paid-
Subscribe Subscribe Paid-up up
Names d Shares d Shares Shares Shares

1) Ayuban, Michael Ryan H. P1,000


2) Bentoso, Melissa O. P1,000
3) Betito, Princess Carmela M. P1,000
4) Bonsubre, Louie Jay T. P1,000
5) Da-ano, Samuil L. P1,000
6) Gavino, Kenneth Paul S. P1,000
7) Lacay, Amado G. P1,000
8) Laurel, Rebecca A. P1,000
9) Luca, Jennifer F. P1,000
10) Monato Marceliano III P.
11) Monato, Marceliano Jr. B.
12) Monato Silvestra P.
13) Monato, Feliciana B.
14) Mondragon, James J. P1,000
15) Montefalcon, Marilou A. P1,000
16) Salalima, Richard T. P1,000
17) Sanchez, Eugene J. P1,000
18) Timonel, Jason R. P1,000
19) Curato Saturnino D.
20) Curato, Ma. Paz M.
21) Monato, Marcelyn P.
22) Monato, Emenio B.
23) Monato, Huberto B.
24) Monato, Marlon R.
25) Cabodbod, Renalyn P100
26) Laurel, Carl Isaac P1,000
27) Bagacay, Jerson P100
Sub Total
Grand Total 250,000 62,500

Article XII
Arbitral Clause

Any dispute, controversy or claim arising out of or relating to this Articles


of Cooperation, By-laws, the Cooperative laws and related rules,
administrative guidelines of the Cooperative Development Authority, including
inter-cooperative, inter-federation disputes and related concerns shall be
exclusively referred to and finally resolved by voluntary arbitration under the
institutional rules promulgated by the Cooperative Development Authority,
after compliance with the conciliation or mediation mechanisms embodied in
the Bylaws and in such other pertinent laws and issuances.

BE IT KNOWN THAT:

Marcelyn P. Monato has been elected as Treasurer of this Cooperative


to act as such until her/his successor shall have been duly appointed and
qualified in accordance with the By-laws. As such Treasurer, he/she is
authorized to receive payments and issue receipts for membership fees, share
capital subscriptions and other revenues, and to pay obligations for and in the
name of this Cooperative.

IN WITNESS WHEREOF, we have hereunto affixed our signatures opposite our


names this 15th day of January 2019 in Poblacion, Prosperidad, Agusan del
Sur, Philippines.

Name of Cooperators Signature


1) Ayuban, Michael Ryan H.
2) Bentoso, Melissa O.
3) Betito, Princess Carmela M.
4) Bonsubre, Louie Jay T.
5) Da-ano, Samuil L.
6) Gavino, Kenneth Paul S.
7) Lacay, Amado G.
8) Laurel, Rebecca A.
9) Luca, Jennifer F.
10) Monato Marceliano III P.
11) Monato, Marceliano Jr. B.
12) Monato Silvestra P.
13) Monato, Feliciana B.
14) Mondragon, James J.
15) Montefalcon, Marilou A.
16) Salalima, Richard T.
17) Sanchez, Eugene J.
18) Timonel, Jason R.
19) Curato Saturnino D.
20) Curato, Ma. Paz M.
21) Monato, Emenio B.
22) Monato, Huberto B.
23) Monato, Marlon R.
24) Cabodbod, Renalyn
25) Laurel, Carl Isaac
26) Bagacay, Jerson
SIGNED IN THE PRESENCE OF:

__________________________ ___________________________
Signature Over Printed Name Signature Over Printed Name
ACKNOWLEDGMENT
Republic of the Philippines)
Province of Agusan del Sur )

Before me, a Notary Public for and in the Province/City/Municipality


of_______________________ on this ________ day of _________________, 20__ the
following persons personally appeared with their competent evidence of
identification as indicated opposite their respective names

Place of
Name of Cooperators Proof of Date issued Issuance
Identity (IN
ACCORDANC
E WITH
NOTARIAL
LAW)
Ayuban, Michael Ryan H.
Bentoso, Melissa O.
Betito, Princess Carmela M.
Bonsubre, Louie Jay T.
Da-ano, Samuil L.
Gavino, Kenneth Paul S.
Lacay, Amado G.
Laurel, Rebecca A.
Luca, Jennifer F.
Monato Marceliano III P.
Monato, Marceliano Jr. B.
Monato Silvestra P.
Monato, Feliciana B.
Mondragon, James J.
Montefalcon, Marilou A.
Salalima, Richard T.
Timonel, Jason R.
Curato Saturnino D.
Curato, Ma. Paz M.
Monato, Marcelyn P.
Monato, Emenio B.
Monato, Huberto B.
Monato, Marlon R.
Cabodbod, Renalyn
Laurel, Carl Isaac
Bagacay, Jerson

All known to me to be the same persons who executed the foregoing


Articles of Cooperation, and acknowledged to me that the same is their free will
and voluntary deed.

This instrument known as Articles of Cooperation consists of ______


pages including this page where the acknowledgment is written signed by the
parties and their instrumental witnesses on each and every page thereof.

WITNESS my hand and seal this____ day of ________,


20____at_____________Philippines.

Doc. No. : ____________


Page No.: _____________
Book No.: _____________
Series of 2019