Ra9520articlesofcooperation ppt-110909061757-phpapp02 (1)
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    Ra9520articlesofcooperation ppt-110909061757-phpapp02 (1) Ra9520articlesofcooperation ppt-110909061757-phpapp02 (1) Presentation Transcript

    • RA 9520
    • KNOW ALL MEN BY THESE PRESENTS: We, the undersigned Filipino citizens, of legal age andresidents of the Philippines, have voluntarily agreed toorganize a primary __________________ cooperative, underthe 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_______________________________________________________________________________________________________.
    • ARTICLE II Purpose/s That the purpose/s for which this Cooperative isorganized is/are:To engage in:________________________________________________________________________________________________________________________________________________________________________________________________________
    • ARTICLE III Goal The goal of this cooperative is to help improve thequality of life of its members and in furtherance theretoshall aim:1. To attain increasedincome, savings, investments, productivity, and purchasingpower, and promote among themselves equitabledistribution of net surplus through maximum utilization ofeconomies of scale, cost-sharing and risk-sharing;2. To provide optimum social and economic benefits to itsmembers;
    • ARTICLE III Goal The goal of this cooperative is to help improve the qualityof life of its members and in furtherance thereto shall aim:3. To teach members efficient ways of doing things in acooperative manner;4. To propagate cooperative practices and new ideas inbusiness and management;5. To allow the lower income and less privileged groups toincrease their ownership in the wealth of the nation;
    • ARTICLE III Goal6. To actively support the government, other cooperativesand people oriented organizations, both local and foreign, inpromoting cooperatives as a practical means towardssustainable socio-economic development under a truly justand democratic society;7. To institutionalize a dynamic savings mobilization andcapital build-up schemes to sustain its developmentalactivities and long-term investments, thereby ensuringoptimum economic benefits to the members, their familiesand the general public;
    • ARTICLE III Goal8. To implement policy guidelines that will ensuretransparency, equitable access to its resources andservices, and promote the interests of the members; and9. To adopt such other plans as may help foster the welfare ofthe members, their families and the community.
    • ARTICLE IV Powers and Capacities The powers, rights and capacities of this cooperativeare those prescribed under Article 9 of Republic Act 9520.
    • ARTICLE V Term of Existence The term for which this Cooperative shall exist is_________ ( ) years from the date of its registration withthe Cooperative Development Authority.
    • ARTICLE VI Area and Business Operations This Cooperative shall recruit its members within_______________________ and operate business in______________________. Its principal office shall belocatedat____________________________________________________________.
    • ARTICLE VII Name and Address of Cooperators That the name and complete postal address of thecooperators are as follows: Name Postal Address
    • ARTICLE VIII Common Bond of Membership That the common bond of membership of thisCooperative is ___________________________ and, shallbe open to all natural persons who are all Filipino citizen, oflegal age, with the capacity to contract and possess all thequalifications and none of the disqualifications provided forin the By-laws.
    • ARTICLE IX Board of Directors That the number of Directors of this Cooperative shall be________( ) and the name and address of the directors who areto serve until their successors shall have been elected andqualified as provided in the by-laws are: Name Address
    • ARTICLE X Capitalization That the Authorized Share Capital of thisCooperative is ___________ PESOS(Php__________), divided into___________________________ (__________) shares witha par value of ___________________________ (Php______ ) per share.
    • ARTICLE XI Subscribed and Paid-up Share Capital That of the authorized share capital, the amount of____________________________________(Php________)has been subscribed, and____________________________________________(Php________) of the total subscription has been paid by thefollowing members-subscribers:
    • ARTICLE XISubscribed and Paid-up Share CapitalNames No. of Amount of No. of Paid-up Amount of Subscribed Subscribed Shares Paid-up Shares Shares Shares
    • ARTICLE XI Subscribed and Paid-up Share CapitalBE IT KNOWN THAT:__________________________ have been elected as Treasurerof this Cooperative to act as such until her/his successor shallhave been duly appointed and qualified in accordance with theby-laws. As such Treasurer, he/she has been authorized toreceive payments and issue receipts for membership fees, sharecapital subscriptions and other revenues, and to pay obligationsfor and in the name of this Cooperative. IN WITNESS WHEREOF, we have hereunto signed ournames this ________ day of _______ in_______________, Philippines.
    • ARTICLE XI Subscribed and Paid-up Share Capital NAME AND SIGNATURE OF COOPERATORS Name Signature SIGNED IN THE PRESENCE OF:Signature Over Printed Name Signature Over Printed Name
    • ACKNOWLEDGMENTRepublic of the Philippines )Prov./City/Mun. of ___________________) S.S. Before me, a Notary Public for and in theProvince/City/Municipality of____________________________ on this ________ day of______________________________ the following personspersonally appeared with their Community Tax Certificates asindicated opposite their respective names:
    • ACKNOWLEDGMENTName of Cooperators CTC Number Date issued Place of Issuance
    • ACKNOWLEDGMENT 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 consists of ______ pages including this page where the acknowledgment is written. WITNESS my hand and seal this day and place first above mentioned. Notary PublicDoc. No. : ____________Page No.: _____________Book No.: _____________Series of _____________
    • TREASURER’S AFFIDAVITRepublic of the Philippines )Prov./City/Mun. _________________) S.S.x--------------------------------------------x I, __________________________________________ after having been duly sworn to in accordance with law, do hereby depose and say:1. That I am the duly elected Treasurer of the _________________________________________________________ __________________ to act as such until my successor shall have been appointed and qualified in accordance with the By-laws of the Cooperative;2. That as such, I hereby certify that the authorized share capital of this cooperative is ___________________________________________ (Php _______ )
    • TREASURER’S AFFIDAVIT3. That the subscribed share capital of the cooperative is __________________________________________________ ________ (Php_______) which is at least twenty five (25%) percent of the authorized capital ;4. That the paid-up share capital of the cooperative is __________________________________________________ ______ (Php_______) which is at least twenty five (25%) percent of the subscribed capital; and5. That the total membership fees paid is __________________________________________________ _____ (Php _______________).
    • TREASURER’S AFFIDAVIT6. That I have actually received the total paid-up share capital and membership fee. IN WITNESS WHEREOF, I have hereunto affixed my signature this ___________ day of ______________, in ________________, Philippines. Encoded by rhea
    • TREASURER’S AFFIDAVIT __________________ Affiant SUBSCRIBED AND SWORN TO before me this ___________ day of ______________, in ________________, Philippines, by _______________________ who exhibited to me his/her Community Tax Certificate No. ___________ issued on ___________________, in ______________________, Philippines. Notary PublicDoc. No. ________Page No. ________Book No. ________Series of ________