Articles of cooperation


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Articles of cooperation

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Articles of cooperation

  1. 1. ARTICLES OF COOPERATIONKNOW ALL MEN BY THESE PRESENTS:We, the undersigned Filipino citizens, of legal age, and residents and non-residents of the Philippines, have voluntarily agreed to organize a primaryMultipurpose Cooperative, 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 Oikos Christian NetworkMultipurposeCooperative. Article II Purpose/sThat the purpose/s for which this Cooperative is organized are to:Procure and distribute commodities and market merchandises to members andnon-members Article III Goal The goal of this cooperative is to help improve the quality of life of itsmembers and in furtherance thereto 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, moral and transformational activities to its members; 3. To teach members efficient ways of doing things in a cooperative manner; 4. To propagate cooperative practices and new ideas in business and management; a. To allow the lower income and less privileged groups to increase their ownership in the wealth of the nation;
  2. 2. b. 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; To institutionalize 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 general public; 5. To implement policy guidelines that will ensure transparency, equitable access to its resources and services, and promote the interests of the members; and 6. To adopt such other plans as may help foster the welfare of the members, their families and the community. Article IV Powers and CapacitiesThe powers, rights and capacities of this cooperative are those prescribedunder Article 9 of Republic Act 9520. Article V Term of ExistenceThe term for which this Cooperative shall exist is fifty (50) years from the dateof its registration with the Cooperative Development Authority.Article VI Area and Business OperationsThis Cooperative shall recruit its members locally or globallyand operatebusiness in Karuhatan, Valenzuela City, Philippines. Its principal office shallbe located atKaruhatan Market, Karuhatan, Valenzuela City , 1441. Article VII Name and Address of Cooperators That the name and postal address of the co-operators are as follows: Name Postal Address Signatures
  3. 3. Article VIII Common Bond of Membership That the common bond of membership of this Cooperative is Filipino born- again Christian communities in Valenzuela Cityand, shall be open to all natural persons who are all Filipino citizen, of legal age, with the capacity to contract and possess all the qualifications and none of the disqualifications provided for in the By-laws. Article IX Board of Directors That the number of Directors of this Cooperative shall be Ten (10) and the name and address of the directors who are to serve until their successors shall have been elected and qualified as provided in the by-laws areName Address
  4. 4. ARTICLE X Capitalization That the Authorized Share Capital of this Cooperative is FOURHUNDRED THOUSAND(Php 400,000.00), divided into Two Hundred ( 200)common shares with a par value of One Thousand Pesos (Php1,000.00 ) pershare. ARTICLE XI Subscribed and Paid-up Share Capital That of the authorized share capitalwhich should not be less than twentyfive percent (25%) , the amountof_______________________________________(Php________) has been subscribed,and of total paid‐up capital which should not be less than twenty five percent(25%) of the total subscription,the amount____________________________________________ (Php________) has been paid bythe following members-subscribers: Names No. of Amount of No. of Amount of Subscribed Subscribed Paid-up Paid-up Shares Shares Shares Shares
  5. 5. BE IT KNOWN THAT:Joan_______________have been appointed as Treasurer of this Cooperative to actas such until her/his successor shall have been duly appointed and qualifiedin accordance with the by-laws. As such Treasurer, he/she has beenauthorized to receive payments and issue receipts for membership fees, sharecapital subscriptions and other revenues, and to pay obligations for and in thename of this Cooperative. IN WITNESS WHEREOF, we have hereunto signed our names this________ day of _______ in _______________, Philippines. NAMES AND SIGNATURES OF COOPERATORSNames Signatures
  6. 6. SIGNED IN THE PRESENCE OF:____________________________ ____________________________Signature Over Printed Name Signature Over Printed Name
  7. 7. ACKNOWLEDGMENT Republic of the Philippines ) Prov./City/Mun. of ___________________) S.S. Before me, a Notary Public for and in the Province/City/Municipality of ____________________________ on this ________ day of ______________________________ the following persons personally appeared with their Community Tax Certificates as indicated opposite their respective names:Name of Cooperators CTC Number Date issued Place of Issuance 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 Public Doc. No. : ____________ Page No.: _____________ Book No.: _____________ Series of _____________