RPGMPC Articles of Cooperation and by Laws

Revised March2012
ARTICLES OF COOPERATION
(AMENDED)
OF
ROXAS PALAWAN MUNICIPAL EMPLOYEES AND COMMUNITY

MULTI-PURPOSE COOPERATIVE
KNOW ALL MEN BY THESE PRESENTS:
We, the undersigned Filipino citizens, all of legal age and residents of the
Philippines, have voluntarily agreed to organize a primary multi-purpose
cooperative, under the laws of the Republic of the Philippines, more
particularly R.A. 9520.
AND WE HEREBY CERTIFY:
Article I
NAME OF COOPERATIVE
That the name of this Cooperative shall be Roxas Palawan Municipal

Employees and Community Multi-Purpose Cooperative (RPMECMPC).
Article II
PURPOSE/S
That the purposes for which this cooperative is organized are to:
1. To encourage thrift and savings mobilization among the members for capital
formation;
2. To create funds and grant loans to members for productive and providential
purposes;
3. To provide goods and services and other requirements of the members;
4. To undertake agricultural, fisheries and/or industrial production purposes;
5. To engage in the supply of production inputs to members / non-members

And market their produce.
6. To engage in Credit, Consumer Store, Rice Trading, Canteen/Catering,

Contractor of Services, Goods and infrastructures and franchise holder of
food chains and Pharmaceuticals;
7. To promote the cooperative as a way of life for improving the social and
economic well-being of the people;
8. To do any related activity for the members’ self-government, improve social

and /or economic well-being under a truly just democratic society;
9. To work with the cooperative movement, non-government and government

organizations/entities in the promotion and development of cooperatives and in
carrying out government policies.
Page 1 of 21
Revised March2012
10. To undertake other activities for the effective and efficient implementation
of the provisions of the cooperative code.
In the furtherance of and not in limitation of the general powers

conferred by the laws of the Philippines and the objectives and purposes set
forth, this cooperative shall have the following powers:
a. To draw, make, accept, endorse, guarantee, execute and issue

promissory notes, mortgages, bills of exchange, drafts, warrants, certificates
and all kinds of obligations and instruments in connection with and in
furtherance of its business operations;
b. To issue bonds, debentures and other obligations of the cooperative, to

contract indebtedness and to secure the same with a mortgage or deed of trust,
or pledge or lien on any or all of the real and personal properties of the
cooperative;
c. To acquire facilities, either by or through construction, purchase,

lease, bequest or donation.
For the purpose of attaining or furthering any or all of the objectives and
purposes herein stated, to do any other act and to exercise any other power
which a natural person could do and exercise and which now or hereafter may
be authorized by law.
Article III
OBJECTIVES
The primary objectives of this cooperative is to help improve the quality

of life of its members 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 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;
5. To allow the 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 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;
8. To implement policy guidelines that will ensure transparency,
equitable access to its resources and services, and promote the
interests of the members; and
9. To adopt such other plans as may help foster the welfare of the
members, their families and the community.
Page 2 of 21
Revised March2012
Article IV
POWER 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; To sue and be sued;
2. Of succession;
3. To amend its articles of cooperation in accordance with the provisions

of Cooperative Code;
4. To adopt by-laws not contrary to law, morals or public policy, and to

amend and repeal the same in accordance with Republic Act 9520;
5. 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;
6. To enter into division, merger, or consolidation, as provided under RA

9520;
7. To form subsidiary cooperatives and join federations or unions, as

provided in this code;
8. 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;
9. To avail preferential rights granted to cooperatives under RA 7160,

otherwise known as the Local Government Code, and other laws.
10. To exercise such other powers granted under RA 9520 or necessary

to carry out its purposes as stated in this articles of cooperation.
Article V
TERM OF EXISTENCE
The term for which this Cooperative shall exist is fifty (50) years from the
date of its registration with the Cooperative Development Authority.
Article VI
AREA AND BUSINESS OPERATIONS
This cooperative shall recruit its members and operate its business
within the Province of Palawan. Its principal office shall be located at
Poblacion, Roxas, Palawan.
Page 3 of 21
Revised March2012
Article VII
NAME AND ADDRESS OF COOPERATORS
That the name and complete postal address of the cooperators are as
follows:
NAME POSTAL ADDRESS

1. Abraham M. Ulzoron Bgy. 3, Roxas, Palawan
2. Abundio F. Baquiao Bgy. 3, Roxas, Palawan
3. Albina R. Ponce De Leon Bgy. New Barbacan, Roxas, Palawan
4. Albino B. Saban Bgy. Tinitian, Roxas, Palawan
5. Alex E. Billones Bgy. 1, Roxas, Palawan
6. Alicia B. Pajimola Bgy. Rizal, Roxas, Palawan
7. Alicia I. Sagun Bgy. 3, Roxas, Palawan
8. Alonzo M. Garcellano Bgy. 4, Roxas, Palawan
9. Amerigo D. Martinez Bgy. New Barbacan, Roxas, Palawan
10. Aniceto B. Bundac Bgy. 1, Roxas, Palawan
11. Annelyn A. Parangue Bgy. 1, Roxas, Palawan
12. Antonieta S. Dangan Bgy. 3, Roxas, Palawan
13. Apolinario M. Dangan Bgy. Caramay, Roxas, Palawan
14. Armando J. Palatino Bgy. New Barbacan, Roxas, Palawan
15. Artisa A. Barcelon Bgy. Minarra, Roxas, Palawan
16. Beda B. Omapas Bgy. New Barbacan, Roxas, Palawan
17. Bes G. Rodriguez Bgy. 3, Roxas, Palawan
18. Betty C. Mampay Bgy. 4, Roxas, Palawan
19. Carla Mae C. Villorente Bgy. Caramay, Roxas, Palawan
20. Cerilina I. Mejia Bgy. New Barbacan, Roxas, Palawan
21. Charita H. Gaite Bgy. 3, Roxas, Palawan
22. Clarivel A. Porras Bgy. New Barbacan, Roxas, Palawan
23. Concepcion E. Babylonia Bgy. 3, Roxas, Palawan
24. Corazon G. Bose Bgy. New Barbacan, Roxas, Palawan
25. Cosme N. Namuco Bgy. Tinitian, Roxas, Palawan
26. Crispin L. Saldana Bgy. 3, Roxas, Palawan
27. Cristina S. Angelada Bgy. 4, Roxas, Palawan
28. Daniel M. Garcellano Bgy. New Barbacan, Roxas, Palawan
29. Delia M. Garcellano Bgy. 4, Roxas, Palawan
30. Delia S. Bollon Bgy. 3, Roxas, Palawan
31. Diosdado M. Sabroso Bgy. New Barbacan, Roxas, Palawan
32. Doris P. Pacaldo Bgy. 4, Roxas, Palawan
33. Doroteo M. Piansay Bgy. 1, Roxas, Palawan
34. Edgar M. Padul Bgy. 3, Roxas, Palawan
35. Edgardo A. Padul Bgy. 3, Roxas, Palawan
36. Editha Z. Bacaltos Bgy. Magara, Roxas, Palawan
37. Eduardo A. Canilla Bgy. 3, Roxas, Palawan
38. Eleuterio B. Bungalso Bgy. 4, Roxas, Palawan
39. Elmer A. Villar Bgy. 1, Roxas, Palawan
40. Elmer M. Sotta Bgy. 3, Roxas, Palawan
41. Elna E. Dagunan Bgy. 1, Roxas, Palawan
42. Elpidio D. Batul Jr. Bgy. 3, Roxas, Palawan
43. Elsa B. Pedrez Bgy. 4, Roxas, Palawan
44. Elsa C. Gacot Bgy. Caramay, Roxas, Palawan
45. Elvira A. Manga Bgy. 3, Roxas, Palawan
46. Emelia S. Sebido Bgy. 4, Roxas, Palawan
47. Emily C. Benjamin Bgy. 2, Roxas, Palawan
48. Emy C. Fresnillo Bgy. 2, Roxas, Palawan
49. Erlina T. Amos Bgy. 3, Roxas, Palawan
50. Erlinda D. Panganiban Bgy. 2, Roxas, Palawan
51. Esther F. Conde Bgy. 3, Roxas, Palawan
52. Eufronio B. Aningalan Bgy. New Barbacan, Roxas, Palawan
53. Evelyn L. Bundac Bgy. New Barbacan, Roxas, Palawan
Page 4 of 21
Revised March2012
54. Fe B. Ayco Bgy. Magara, Roxas, Palawan

55. Flordeliza B. Benjamin Bgy. 3, Roxas, Palawan
56. Franco R. Salonga Bgy. New Barbacan, Roxas, Palawan
57. Freddie D. Aguilar Bgy. 1, Roxas, Palawan
58. Gil A. Valledor Bgy. 3, Roxas, Palawan
59. Gilda C. Austria Bgy. 3, Roxas, Palawan
60. Henry Dan M. Arzaga Bgy. Caramay, Roxas, Palawan
61. Imelda C. Austria Bgy. 3, Roxas, Palawan
62. Imelda S. Madeja Bgy. 4, Roxas, Palawan
63. James J. Fabrigas Bgy. Magara, Roxas, Palawan
64. Jay S. Llavan Bgy. Caramay, Roxas, Palawan
65. Jessie C. Bungay Bgy. 2, Roxas, Palawan
66. Jimmy C Mianon Bgy. 3, Roxs, Palawan
67. Joaquina L. Atilano Bgy. 1, Roxas, Palawan
68. Joegary A. Bañes Bgy. 1, Roxas, Palawan
69. Joey A. Geolingo Bgy. 1, Roxas, Palawan
70. Joey F. Gabo Bgy. Caramay, Roxas, Palawan
71. Jonalyn R. Factor Bgy. 2, Roxas, Palawan
72. Jose Gavino O. Florese Bgy. San Nicolas, Roxas, Palawan
73. Joselito A. Alvarez Bgy. 1, Roxas, Palawan
74. Josephine G. Mayo Bgy. 4, Roxas, Palawan
75. Juan C. Aguillon Bgy. 3, Roxas, Palawan
76. Judith F. Bejo Bgy. New Barbacan, Roxas, Palawan
77. Julie B. Gapulao Bgy. 4, Roxas, Palawan
78. Juliet A. Barcelona Bgy. 4, Roxas, Palawan
79. Julieta B. Roa Bgy. 3, Roxas, Palawan
80. Julieta G. Panganiban Bgy. 2, Roxas, Palawan
81. Juvinal R. Libiran Bgy. 2, Roxas, Palawan
82. Leo C. Salvino Bgy. 3, Roxas, Palawan
83. Leonila C. Pidor Bgy. 3, Roxas, Palawan
84. Leonilo G. Bosas Bgy. 3, Roxas, Palawan
85. Leonora S Valenzuela Bgy. New Barbacan, Roxas, Palawan
86. Liezl M. Sargento Bgy. 3, Roxas, Palawan
87. Lilia B. Gumabras Bgy. 2, Roxas, Palawan
88. Lucita L. Cayapas Bgy. Caramay, Roxas, Palawan
89. Ma. Bega Louella G. Fernandez Bgy. 4, Roxas, Palawan
90. Maria Ana S. Larrosa Bgy. 3, Roxas, Palawan
91. Maribel E. Delos Reyes Bgy. New Barbacan, Roxas, Palawan
92. Maricris P. Cacananta Bgy. 1, Roxas, Palawan
93. Marilo T. Manlavi Bgy. 4, Roxas, Palawan
94. Marilou L. Gonzales Bgy. 3, Roxas, Palawan
95. Marilou R. Magallanes Bgy. 3, Roxas, Palawan
96. Mario Bernard T. Bollon Bgy. 3, Roxas, Palawan
97. Mario Maruel B. Bonbon Bgy. 2, Roxas, Palawan
98. Marivic A. Villafuerte Bgy. 3, Roxas, Palawan
99. Marivic S. Abaca Bgy. 2, Roxas, Palawan
100. Mark B. Timbancaya Bgy. New Barbacan, Roxas, Palawan
101. Mary Ann N. Mendoza Bgy. 3, Roxas, Palawan
102. Mary Jane B. Villanoche Bgy. 4, Roxas, Palawan
103. Maybelene O. Talanquines Bgy. 4, Roxas, Palawan
104. Medardo S. Ulson Bgy. 3, Roxas, Palawan
105. Melvin Y. Yara Bgy. 3, Roxas, Palawan
106. Merlinda B. Eyana Bgy. 4, Roxas, Palawan
107. Merlita M. De Ramos Bgy. 3, Roxas, Palawan
108. Minerva M. Parangue Bgy. New Barbacan, Roxas, Palawan
109. Nancita A. De Asis Bgy. San Nicolas, Roxas, Palawan
110. Nancy C. Miraflores Bgy. 3, Roxas, Palawan
111. Nestor G. Conde Sr. Bgy. 4, Roxas, Palawan
112. Nherla N. Bacaltos Bgy. 3, Roxas, Palawan
113. Nilda G. Sabroso Bgy. New Barbacan, Roxas, Palawan
114. Nimrod B. Abrina Roxas, Palawan 5308
115. Ninfa B. Hesita Bgy. 3, Roxas, Palawan
Page 5 of 21
Revised March2012
116. Ninfa G. Dramayo Bgy. 3, Roxas, Palawan

117. Nonita E. De Pablo Bgy. 4, Roxas, Palawan
118. Norberto D. Nicor Bgy. 3, Roxas, Palawan
119. Pablo M. Aborot Bgy. 1, Roxas, Palawan
120. Perla C. Bungay Bgy. 3, Roxas, Palawan
121. Phebe M. Gatchalian Bgy. New Barbacan, Roxas, Palawan
122. Rachel M. Delgado Bgy. Tumarbong, Roxas, Palawan
123. Rafael S. Gabayan Bgy. 4, Roxas, Palawan
124. Ramon G. Manapat Bgy. New Barbacan, Roxas, Palawan
125. Ramon S. Javier Bgy. 4, Roxas, Palawan
126. Raquel S. Vicera Bgy. Sandoval, Roxas, Palawan
127. Rebecca H. Mayo Bgy. 3, Roxas, Palawan
128. Rebecca L. Paz Bgy. 3, Roxas, Palawan
129. Rebecca M. Fabiano Bgy. Tumarbong, Roxas, Palawan
130. Rechel C. Feraris Bgy. 4, Roxas, Palawan
131. Regina P. Adion Bgy. 2, Roxas, Palawan
132. Regino C. Evio Bgy. 3, Roxas, Palawan
133. Reynaldo C. Morales Bgy. New Barbacan, Roxas, Palawan
134. Ricky Rollan C. Valdez Bgy. New Barbacan, Roxas, Palawan
135. Roberto M. Malabayabas Bgy. 4, Roxas, Palawan
136. Roselyn R. Bien Bgy. New Barbacan, Roxas, Palawan
137. Rodrigo F. Bernardo Bgy. 4, Roxas, Palawan
138. Roena D. Carandang Bgy. 2, Roxas, Palawan
139. Rogelio c. Magbanua Bgy. 4, Roxas, Palawan
140. Rolando L. Ulzoron Bgy. New Barbacan, Roxas, Palawan
141. Ronelio S. Larrosa Bgy. 3, Roxas, Palawan
142. Ronita B. Heredero Bgy. 1, Roxas, Palawan
143. Rosalia A. Tan Bgy. 1, Roxas, Palawan
144. Rosalie V. Macatangay Roxas, Palawan
145. Rosario B. Panis Roxas, Palawan
146. Rosemarie B. Magdayao Roxas, Palawan
147. Rosemarie M. Paguia Roxas, Palawan
148. Rosie U. Mampay Roxas, Palawan
149. Ruben B. Favila Roxas, Palawan
150. Rufino G. Gonzales, Jr Roxas, Palawan
151. Sharen S. Bungalso Roxas, Palawan
152. Shiela Marie S. Fajardo Roxas, Palawan
153. Socorro V. Gula Roxas, Palawan
154. Sylvia L. Del Rosario Roxas, Palawan
155. Teodoro V. Cayetano Roxas, Palawan
156. Teresita G. Villamero Roxas, Palawan
157. Teresita M. Panes Roxas, Palawan
158. Tessie C. Quilang Bgy. 2, Roxas, Palawan, 5308
159. Tomasito P. Palatino Roxas, Palawan
160. Vicente M. Ventilacion Roxas, Palawan
161. Victor B. Bundal Roxas, Palawan
162. Victoria G. Morales Roxas, Palawan
163. Wilfredo B. Valdez Roxas, Palawan
164. William B. Pedrez Roxas, Palawan
165. Zenaida A. Cabildo Roxas, Palawan
Page 6 of 21
Revised March2012
Article VIII
COMMON BOND OF MEMBERSHIP
That the common bond of membership of this Cooperative is Residential

and the field of membership shall be open to all employees of the
Municipal Government of Roxas and retirees of the same institution,
Management Staff of RPMECMPC, Barangay Officials, Immediate Family of
Members and Bonafide Residents of Roxas Palawan who are all natural
persons, Filipino citizens, of legal age, with the capacity to contract and
possess all the qualifications and none of the disqualifications provided
for in the By-laws and this Articles of Cooperation.
A regular member is one who has complied with all the membership
requirements and entitled to all rights and privileges of membership who are
employees of the municipal Government of Roxas holding permanent positions.
An associate member is one who has no right to vote nor be voted upon and
shall be entitled only to such rights and privileges as the by-laws may provide.
He/she must be:
* Spouse of the regular member
* Son/daughter of the regular member
* Parent/s of the regular member
* Siblings of the regular member
* Elected officials
* Employees of RPMECMPC
*Temporary, co-terminous, contractual and contract of service LGU employees.
* All business owners.
Article IX
BOARD OF DIRECTORS
That the number of Directors of this Cooperative shall be Seven (7) 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 are:
NO. NAME POSTAL ADDRESS

1. Liezl M. Sargento Bgy. 3, Roxas, Palawan 5308
2. Cerilina I. Mejia Bgy. New Barbacan, Roxas, Palawan
3. Elsa B. Pedrez Bgy. 4, Roxas, Palawan, 5308
4. Tessie C. Quilang Bgy. 2, Roxas, Palawan, 5308
5. Rechel C. Feraris Bgy. 4, Roxas, Palawan, 5308
6. Gilda C. Austria Bgy. 3, Roxas, Palawan, 5308
7. Joaquina L.Atilano Bgy. 1, Roxas, Palawan, 5308
Article X
CAPITALIZATION
Page 7 of 21
Revised March2012
That the Authorized Share Capital of this Cooperative is FORTY FOUR

MILLION FOUR HUNDRED THOUSAND PESOS (Php 44,400,000.00), divided
into:
a.) Thirty Three Million Three Hundred Thousand Pesos

(Php 33,300,000.00) common shares with par value of One Hundred Pesos
(Php 100.00) per share: and
b.) Eleven Million one Hundred Thousand Pesos (Php 11,1000,000.00)

preferred shares with par value of One Hundred Pesos (Php100.00)
Article XI
SUBSCRIBED AND PAID-UP CAPITAL SHARE
That of the authorized share capital, the amount of TWENTY ONE

MILLION THIRTY FOUR THOUSAND PESOS (Php 21,034,000.00) has been
subscribed, and FIVE MILLION TWO HUNDRED FIFTY EIGHT THOUSAND
FIVE HUNDRED PESOS (Php 5,258,500.00) of the total subscription has been
paid by the following members – subscribers:
NAME NO. OF AMOUNT OF NO. OF AMOUNT OF PAID-

SUBSCRIB SUBSCRIBED SHARE PAID –UP UP SHARES
ED SHARES
SHARES
1. Abaca, Marivic S. 1,544 154,400.00 386 38,600.00

2. Aborot, Pablo M. 948 94,800.00 237 23,700.00
3. Abrina, Nimrod B. 900 90,000.00 225 22,500.00
4. Adion, Regina P. 1,536 153,600.00 384 38,400.00
5. Aguillon, Juan C. 1,208 120,800.00 302 30,200.00
6. Amora, Alpie P. 192 19,200.00 48 4,800.00
7. Amos, Erlina T. 1,152 115,200.00 288 28,800.00
8. Angelada, Cristina S. 1,236 123,600.00 309 30,900.00
9. Arzaga, Henry Dan M. 836 83,600.00 209 20,900.00
10. Arzaga, Nora P. 1,092 109,200.00 273 27,300.00
11. Atilano, Joaquina L. 6,144 614,400.00 1,536 153,600.00
12. Austria, Gilda C. 656 65,600.00 164 16,400.00
13. Austria, Imelda C. 1,100 110,000.00 275 27,500.00
14. Ayco, Fe B. 772 77,200.00 193 19,300.00
15. Baaco, Pinky D. 800 80,000.00 200 20,000.00
16. Babylonia, Concepcion E. 1,692 169,200.00 423 42,300.00
17. Bacaltos, Editha Z. 1,760 176,000.00 440 44,000.00
18. Bacaltos, Nherla N. 1,200 120,000.00 300 30,000.00
19. Bacomo, Jezreel S. 232 23,200.00 58 5,800.00
20. Banes, Joegary A. 968 96,800.00 242 24,200.00
21, Baquiao, Jally B. 948 94,800.00 237 23,700.00
22. Barcellano, Ronie B. 740 74,000.00 185 18,500.00
23. Barcelona, Juliet A. 996 99,600.00 249 24,900.00
24. Barit, Emily B. 1,400 140,000.00 350 35,000.00
Page 8 of 21
Revised March2012
25. Batul, Elpidio D. Jr. 1,100 110,000.00 275 27,500.00

26. Bejo, Judith F. 1,880 188,00000 470 47,000.00
27. Benjamin, Flordeliza B. 840 84,000.00 210 21,000.00
28. Bernardo, Rodrigo F. 2,132 213,200.00 533 53,300.00
29. Bien, Roselyn R. 2,460 246,000.00 615 61,500.00
30. Billones, Alex E. 864 86,400.00 216 21,600.00
31. Bollon, Delia S. 832 83,200.00 208 20,800.00
32. Bollon, Mario Bernard T. 1,084 108,400.00 271 27,100.00
33. Borres, Sylvia D. 708 70,800.00 177 17,700.00
34. Bosas, Leonilo G. 1,260 126,000.00 315 31,500.00
35. Bose, Corazon G. 916 91,600.00 229 22,900.00
36. Bundac, Aniceto B. 736 73,600.00 184 18,400.00
37. Bundac, Evelyn L. 3,100 310,000.00 775 77,500.00
38. Bungalso, Eleuterio B. 808 80,800.00 202 20,200.00
39. Bugalso, Sharen S. 2,752 275,200.00 688 68,800.00
40. Bugalso, Lalaine B. 196 19,600.00 49 4,900.00
41. Bungay, Perla C. 1,892 189,200.00 473 47,300.00
42. Cacananta, Maricris P. 1,492 149,200.00 373 37,300.00
43. Cantara, Ramir R. 764 76,400.00 191 19,100.00
44. Carandang, Roena D. 1,236 123,600.00 309 30,900.00
45. Cardejon, Jessie C. Jr. 1,032 103,200.00 258 25,800.00
46. Cayapas, Lucita L. 700 70,000.00 175 17,500.00
47. Cayetano, Teodoro V. Jr. 964 96,400.00 241 24,100.00
48. Conde, Esther F. 4,200 420,000.00 1,050 105,000.00
49. Conde, Nestor G. Sr. 896 89,600.00 224 22,400.00
50. Dagaraga, Gerard L. 1,068 106,800.00 267 26,700.00
51. Dagunan, Elna E. 792 79,200.00 198 19,800.00
52. Dangan, Antonieta S. 2,836 283,600.00 709 70,900.00
53. Dangan, Apolinario, M. Sr. 920 92,000.00 230 23,000.00
54. De Pablo, Nonita E. 4,200 70,800.00 177 17,700.00
55. De Ramos, Merlita M. 1,748 174,800.00 437 43,700.00
56. Delgado, Rachel M. 684 68,400.00 171 17,100.00
57. Delos Reyes, Maribel E. 1,100 110,000.00 275 27,500.00
58. Derecho, Rhodora B. 248 24,800.00 62 6,200.00
59. Divino, Rona M. 1,088 108,800.00 272 27,200.00
60. Dramayo, Ninfa G. 1,452 145,200.00 363 36,300.00
61. Dulay, Beberlita B. 824 82,400.00 206 20,600.00
62. Eyana, Merlinda B. 1,160 116,000.00 290 29,000.00
63. Fabrigas, James J. 1,284 128,400.00 321 32,100.00
64. Factor, Jonalyn R. 676 67,600.00 169 16,900.00
65. Favila, Ruben B. 1,208 120,800.00 302 30,200.00
66. Favila, Segundo M. 1,092 109,200.00 273 27,300.00
67. Feraris, Rechel C. 1,132 113,200.00 283 28,300.00
68. Fernandez, Ma. Bega Louella G. 1,444 144,400.00 361 36,100.00
69. Fresnillo, Emy C. 1,264 126,400.00 316 31,600.00
70. Gabayan, Edwin G. 760 76,000.00 190 19,000.00
71. Gabinete, Emmanuel L. 732 73,200.00 183 18,300.00
72. Gabo, Joey F. 728 72,800.00 182 18,200.00
73. Gacot, Elsa C. 1,124 112,400.00 281 28,100.00
74. Gaite, Charita H. 2,428 242,800.00 607 60,700.00
75. Galo, Rovy C. 769 79,700.00 199 19,900.00
76. Gapulao, Julie B. 1,468 146,800.00 367 36,700.00
77. Garcellano, Alonso M. 1,524 152,400.00 381 38,100.00
78. Garcellano, Daniel M. 740 74,000.00 185 18,500.00
79. Garcellano, Delia M. 2,604 260.400.00 651 65,100.00
80. Gatchalian, Phebe M. 3,728 372800.00 932 93,200.00
81. Geolingo, Joey A. 912 91,200.00 228 22,800.00
82. Gonzales, Marilou L. 1,208 120,800.00 302 30,200.00
83. Gonzales, Rufino G. Jr. 760 76,000.00 190 19,000.00
84. Grande, Jose Rafael P. 840 84,000.00 210 21,000.00
85. Gula, Julius V. Sr. 1,696 169,600.00 424 42,400.00
86. Gumabras, Lilia T. 1,136 113,600.00 284 28,400.00
Page 9 of 21
Revised March2012
87. Heredero, Ronita B. 1,032 103,200.00 258 25,800.00

88. Hesita, Ninfa B. 840 84,000.00 210 21,000.00
89. Javier, Ramon S. 1,028 102,800.00 257 25,700.00
90. Juarez, Rosanna L. 2,252 225,200.00 563 56,300.00
91. Ladica, Albert V. 916 91,600.00 229 22,900.00
92. Lagunday, Renier M. 1,496 149,600.00 374 37,400.00
93. Larrosa, Maria Ana S. 1,332 133,200.00 333 33,300.00
94. Larrosa, Ronelio S. 1,912 191,200.00 478 47,800.00
95. Libiran, Juvinal R. 740 74,000.00 185 18,500.00
96. Lumogdang, Rosalie L. 640 64,000.00 160 16,000.00
97. Macatangay, Rosalie V. 1,384 138,400.00 346 34,600.00
98. Magallanes, Marilou R. 1,804 180,400.00 451 45,100.00
99. Magdayao, Rosemarie B. 888 88,800.00 222 22,200.00
100. Maguale, Leopoldo G. 432 43,200.00 108 10,800.00
101. Malabayabas, Roberto M. 1,308 130,800.00 327 32,700.00
102. Mampay, Betty C. 756 75,600.00 189 18,900.00
103. Manapat, Ramon G. 804 80,400.00 201 20,100.00
104. Manga, Elvira A. 904 90,400.00 226 22,600.00
105. Manlavi, Mario T. 1,124 112,400.00 241 24,100.00
106. Martinez, Amerigo T. 872 87,200.00 218 21,800.00
107. Mayo, Josephine G. 2,644 264,400.00 661 66,100.00
108. Mayo, Rebecca H. 852 85,200.00 213 21,300.00
109. Mejia, Cerelina I. 1,820 182,000.00 455 45,500.00
110. Mendoza, Mary Ann N. 1,056 105,600.00 264 26,400.00
111. Mianon, Jimmy C. 1,004 100,400.00 251 25,100.00
112. Morales, Reynaldo C. 1,544 154,400.00 386 38,600.00
113. Morales, Victoria G. 1,008 100,800.00 252 25,200.00
114. Namuco, Cosme E. 692 69,200.00 173 17,300.00
115. Pacaldo, Doris P. 2,192 219,200.00 548 54,800.00
116. Pacho, Rachel D. 808 80,800.00 202 20,200.00
117. Padul, Edgar M. 1,440 144,000.00 360 36,000.00
118. Padul, Edgardo A. 960 96,000.00 240 24,000.00
119. Paguia, Rosemarie M. 1,184 118,400.00 296 29,600.00
120. Pajimola, Alicia B. 1,432 143,200.00 358 35,800.00
121. Palatino, Armando J. 676 67,600.00 169 16,900.00
122. Palay, Lucita L. 1,224 122,400.00 306 30,600.00
123. Panes, Teresita M. 1,384 138,400.00 346 34,600.00
124. Panganiban, Julieta G. 1,592 159,200.00 398 39,800.00
125. Panis, Rosario B. 1,316 131,600.00 329 32,900.00
126. Parangue, Annelyn A. 1,008 100,800.00 252 25,200.00
127. Parangue, Minerva M. 720 72,000.00 180 18,000.00
128. Pateño, Roy G. 868 86,800.00 217 21,700.00
129. Paz, Rebecca L. 2,608 260,000.00 652 65,200.00
130. Pedrez, Elsa B. 2,036 203,000.00 509 50,900.00
131. Pedrez, William M. 1,304 130,400.00 326 32,600.00
132. Peñalosa, Edgar D. 892 89,200.00 223 22,300.00
133. Pidor, Leonila C. 1,044 104,400.00 261 26,100.00
134. Ponce De Leon, Albina R. 700 70,000.00 175 17,500.00
135. Porras, Clarivel A. 916 91,600.00 229 22,900.00
136. Quilang, Tessie C. 860 86,000.00 215 21,500.00
137. Roa, Julieta B. 1,260 126,000.00 315 31,500.00
138. Rodriguez, Bes G. 756 75,600.00 189 18,900.00
139. Saban, Albino B. 1,912 191,200.00 478 47,800.00
140. Sabroso, Diosdado M. 888 88,800.00 222 22,200.00
141. Sabroso, Joseph R. 132 13,200.00 33 33,000.00
142. Sabroso, Nilda G. 1,156 115,600.00 289 28,900.00
143. Sagun, Alicia I. 1,148 114,800.00 287 28,700.00
144. Salonga, Franco R. 1,044 104,400.00 261 26,100.00
145. Salvador, Alberto Z. 932 93,200.00 233 23,300.00
146. Salvino, Leo C. 820 82,000.00 205 20,500.00
147. Sargento, Liezl M. 2,096 209,600.00 524 52,400.00
148. Sebido, Emelia S. 1,012 101,200.00 253 25,300.00
Page 10 of 21
Revised March2012
149. Sotta, Elmer M. 1,044 104,400.00 261 26,100.00

150. Talanquines, Maybelene O. 2,396 239,600.00 599 59,900.00
151. Tan, Rosalia A. 956 95,600.00 239 23,900.00
152. Timbancaya, Mark B. 1,572 157,200.00 393 39,300.00
153. Trajano, Josefina Y. 800 80,000.00 200 20,000.00
154. Ulson, Glenn M. 716 71,600.00 179 17,900.00
155. Ulson, Medardo, S. 1,040 104,000.00 260 26,000.00
156. Ulzoron, Abraham M. 824 82,400.00 206 20,600.00
157. Ulzoron, Rolando 1,128 112,800.00 282 28,200.00
158. Valdez, Ricky Rollan C. 2,288 228,800.00 572 57,200.00
159. Valdez, Wilfredo B. 1,144 114,400.00 286 28,600.00
160. Valenzuela, Leonora S. 2,216 221,600.00 554 55,400.00
161. Valledor, Gil A. 924 92,400.00 231 23,100.00
162. Ventilacion, Vicente M. 1,244 124,400.00 311 31,100.00
163. Villafuerte, Marivic A. 2,480 248,000.00 620 62,000.00
164. Villanoche, Mary Jane B. 1,800 180,000.00 450 45,000.00
165. Villar, Elmer A. 768 76,800.00 192 19,200.00
166. Villorente, Carla Mae C. 968 96,800.00 242 24,200.00
167. Yara, Melvin Y. 892 89,200.00 223 22,300.00
168. Yamson, Joselito A. 132 13,200.00 33 3,300.00
169. Zambales, Genida B. 796 79,600.00 199 19,900.00
TOTAL 10,140 21,034, 000.00 52,585 5,258,500.00
Article XII
ARBITRAL CLAUSE
Any dispute, controversy or claim arising out of or relating to this

Articles of cooperation, the cooperative law and related rules, administrative
guidelines of the Cooperative Development Authority, including inter-
cooperative, inter-federation disputes and related concerns, and any question
regarding the existence, interpretation, validity, breach or termination or the
business relationship 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 applicable by laws and in such other
pertinent laws.
BE IT KNOWN THAT:
Delia M. Garcellano has been appointed as Treasurer of this Cooperative

to act as such until her successor shall have been duly appointed and qualified
in accordance with the by-laws. As such Treasurer, she is authorized to
received 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 signed our names this

_______ day of ________________ in Roxas Municipal Hall, Barangay 2, Roxas,
Palawan, Philippines.
NAME AND SIGNATURE OF COOPERATORS
NAME OF COOPERATORS SIGNATURE

1. Abraham M. Ulzoron -Signed-
Page 11 of 21
Revised March2012
2. Abundio F. Baquiao -Signed-

3. Albina R. Ponce De Leon -Signed-
4. Albino B. Saban -Signed-
5. Alex E. Billones -Signed-
6. Alicia B. Pajimola -Signed-
7. Alicia I. Sagun -Signed-
8. Alonzo M. Garcellano -Signed-
9. Amerigo D. Martinez -Signed-
10. Aniceto B. Bundac -Signed-
11. Annelyn A. Parangue -Signed-
12. Antonieta S. Dangan -Signed-
13. Apolinario M. Dangan -Signed-
14. Armando J. Palatino -Signed-
15. Artisa A. Barcelon -Signed-
16. Beda B. Omapas -Signed-
17. Bes G. Rodriguez -Signed-
18. Betty C. Mampay -Signed-
19. Carla mae C. Villorente -Signed-
20. Cerilina I. Mejia -Signed-
21. Charita H. Gaite -Signed-
22. Clarivel A. Porras -Signed-
23. Concepcion E. Babylonia -Signed-
24. Corazon G. Bose -Signed-
25. Cosme N. Namuco -Signed-
26. Crispin L. Saldana -Signed-
27. Cristina S. Angelada -Signed-
28. Daniel M. Garcellano -Signed-
29. Delia M. Garcellano -Signed-
30. Delia S. Bollon -Signed-
31. Diosdado M. Sabroso -Signed-
32. Doris P. Pacaldo -Signed-
33. Doroteo M. Piansay -Signed-
34. Edgar M. Padul -Signed-
35. Edgardo A. Padul -Signed-
36. Editha Z. Bacaltos -Signed-
37. Eduardo A. Canilla -Signed-
38. Eleuterio B. Bungalso -Signed-
39. Elmer A. Villar -Signed-
40. Elmer M. Sotta -Signed-
41. Elna E. Dagunan -Signed-
42. Elpidio D. Batul Jr. -Signed-
43. Elsa B. Pedrez -Signed-
44. Elsa C. Gacot -Signed-
45. Elvira A. Manga -Signed-
46. Emelia S. Sebido -Signed-
47. Emily C. Benjamin -Signed-
48. Emy C. Fresnillo -Signed-
49. Erlina T. Amos -Signed-
50. Erlinda D. Panganiban -Signed-
51. Esther F. Conde -Signed-
52. Eufronio B. Aningalan -Signed-
53. Evelyn L. Bundac -Signed-
54. Fe B. Ayco -Signed-
55. Flordeliza B. Benjamin -Signed-
56. Franco R. Salonga -Signed-
57. Freddie D. Aguilar -Signed-
58. Gil A. Valledor -Signed-
59. Gilda C. Austria -Signed-
60. Henry Dan M. Arzaga -Signed-
61. Imelda C. Austria -Signed-
62. Imelda S. Madeja -Signed-
63. James J. Fabrigas -Signed-
Page 12 of 21
Revised March2012
64. Jay S. Llavan -Signed-

65. Jessie C. Bungay -Signed-
66. Jimmy C Mianon -Signed-
67. Joaquina L. Atilano -Signed-
68. Joegary A. Bañes -Signed-
69. Joey A. Geolingo -Signed-
70. Joey F. Gabo -Signed-
71. Jonalyn R. Factor -Signed-
72. Jose Gavino O. Florese -Signed-
73. Joselito A. Alvarez -Signed-
74. Josephine G. Mayo -Signed-
75. Juan C. Aguillon -Signed-
76. Judith F. Bejo -Signed-
77. Julie B. Gapulao -Signed-
78. Juliet A. Barcelona -Signed-
79. Julieta B. Roa -Signed-
80. Julieta G. Panganiban -Signed-
81. Juvinal R. Libiran -Signed-
82. Leo C. Salvino -Signed-
83. Leonila C. Pidor -Signed-
84. Leonilo G. Bosas -Signed-
85. Leonora S Valenzuela -Signed-
86. Liezl M. Sargento -Signed-
87. Lilia B. Gumabras -Signed-
88. Lucita L. Cayapas -Signed-
89. Ma. Bega Louella G. Fernandez -Signed-
90. Maria Ana S. Larrosa -Signed-
91. Maribel E. Delos Reyes -Signed-
92. Maricris P. Cacananta -Signed-
93. Marilo T. Manlavi -Signed-
94. Marilou L. Gonzales -Signed-
95. Marilou R. Magallanes -Signed-
96. Mario Bernard T. Bollon -Signed-
97. Mario Maruel B. Bonbon -Signed-
98. Marivic A. Villafuerte -Signed-
99. Marivic S. Abaca -Signed-
100. Mark B. Timbancaya -Signed-
101. Mary Ann N. Mendoza -Signed-
102. Mary Jane B. Villanoche -Signed-
103. Maybelene O. Talanquines -Signed-
104. Medardo S. Ulson -Signed-
105. Melvin Y. Yara -Signed-
106. Merlinda B. Eyana -Signed-
107. Merlita M. De Ramos -Signed-
108. Minerva M. Parangue -Signed-
109. Nancita A. De Asis -Signed-
110. Nancy C. Miraflores -Signed-
111. Nestor G. Conde Sr. -Signed-
112. Nherla N. Bacaltos -Signed-
113. Nilda G. Sabroso -Signed-
114. Nimrod B. Abrina -Signed-
115. Ninfa B. Hesita -Signed-
116. Ninfa G. Dramayo -Signed-
117. Nonita E. De Pablo -Signed-
118. Norberto D. Nicor -Signed-
119. Pablo M. Aborot -Signed-
120. Perla C. Bungay -Signed-
121. Phebe M. Gatchalian -Signed-
122. Rachel M. Delgado -Signed-
123. Rafael S. Gabayan -Signed-
124. Ramon G. Manapat -Signed-
125. Ramon S. Javier -Signed-
Page 13 of 21
Revised March2012
126. Raquel S. Vicera -Signed-

127. Rebecca H. Mayo -Signed-
128. Rebecca L. Paz -Signed-
129. Rebecca M. Fabiano -Signed-
130. Rechel C. Feraris -Signed-
131. Regina P. Adion -Signed-
132. Regino C. Evio -Signed-
133. Reynaldo C. Morales -Signed-
134. Ricky Rollan C. Valdez -Signed-
135. Roberto M. Malabayabas -Signed-
136. Roselyn R. Bien -Signed-
137. Rodrigo F. Bernardo -Signed-
138. Roena D. Carandang -Signed-
139. Rogelio c. Magbanua -Signed-
140. Rolando L. Ulzoron -Signed-
141. Ronelio S. Larrosa -Signed-
142. Ronita B. Heredero -Signed-
143. Rosalia A. Tan -Signed-
144. Rosalie V. Macatangay -Signed-
145. Rosario B. Panis -Signed-
146. Rosemarie B. Magdayao -Signed-
147. Rosemarie M. Paguia -Signed-
148. Rosie U. Mampay -Signed-
149. Ruben B. Favila -Signed-
150. Rufino G. Gonzales, Jr -Signed-
151. Sharen S. Bungalso -Signed-
152. Shiela Marie S. Fajardo -Signed-
153. Socorro V. Gula -Signed-
154. Sylvia L. Del Rosario -Signed-
155. Teodoro V. Cayetano -Signed-
156. Teresita G. Villamero -Signed-
157. Teresita M. Panes -Signed-
158. Tessie C. Quilang -Signed-
159. Tomasito P. Palatino -Signed-
160. Vicente M. Ventilacion -Signed-
161. Victor B. Bundal -Signed-
162. Victoria G. Morales -Signed-
163. Wilfredo B. Valdez -Signed-
164. William B. Pedrez -Signed-
165. Zenaida A. Cabildo -Signed-
SIGNED IN THE PRESENCE OF:
EFREN V. DIAMANTE LUZBELINDA F. RODRIGUEZ

Compliance Officer General Manager
ACKNOWLEDGEMENT
Republic of the Philippines)

Prov./City/Mun. Roxas ) s.s
Page 14 of 21
Revised March2012
Before me, a Notary Public for and in the Province/City/Municipality

_________________ on this ___________ day of _______________ the following
persons personally appeared with their Community Tax Certificates/Proof of
Identity as indicated opposite their respective names:
NAME OF COOPERATORS PROOF OF DATE ISSUED PLACE OF ISSUANCE

IDENTITY
1. Abraham M. Ulzoron 20976122 Jan. 15, 2008 Roxas, Palawan

2. Abundio F. Baquiao 04088038 Jan. 07, 2008 Roxas, Palawan
3. Albina R. Ponce De Leon 20976069 Jan. 14, 2008 Roxas, Palawan
4. Albino B. Saban 20976103 Jan. 14, 2008 Roxas, Palawan
5. Alex E. Billones 15676831 Jan. 22, 2008 Roxas, Palawan
6. Alicia I. Sagun 21011134 Jan. 02, 2008 Roxas, Palawan
7. Alicia B. Pajimola 04073638 Jan. 23, 2008 Roxas, Palawan
8. Alonzo M. Garcellano 20977180 Jan. 22, 2008 Roxas, Palawan
9. Amerigo D. Martinez 20977420 Jan. 22, 2008 Roxas, Palawan
10. Aniceto B. Bundac 21011105 Jan. 22, 2008 Roxas, Palawan
11. Annelyn A. Parangue 04090029 Jan. 09, 2008 Roxas, Palawan
12. Antonieta S. Dangan 20977354 Jan. 18, 2008 Roxas, Palawan
13. Apolinario M. Dangan 20976268 Jan. 15, 2008 Roxas, Palawan
14. Armando J. Palatino 20975513 Jan. 10, 2008 Roxas, Palawan
15. Artisa A. Barcelon 04073729 Jan. 09, 2008 Roxas, Palawan
16. Beda B. Omapas 20976463 Jan. 15, 2008 Roxas, Palawan
17. Bes G. Rodriguez 20977071 Jan. 22, 2008 Roxas, Palawan
18. Betty C. Mampay 20976104 Jan. 14, 2008 Roxas, Palawan
19. Carla Mae C. Villorente 04090007 Jan. 08, 2008 Roxas, Palawan
20. Cerilina I. Mejia 21011183 Jan. 22, 2008 Roxas, Palawan
21. Charita H. Gaite 04090006 Jan. 08, 2008 Roxas, Palawan
22. Clarivel A. Porras 21011181 Jan. 22, 2008 Roxas, Palawan
23. Concepcion E. Babylonia 21011160 Jan. 22, 2008 Roxas, Palawan
24. Corazon G. Bose 04088125 Jan. 07, 2008 Roxas, Palawan
25. Cosme N. Namuco 04087578 Jan. 04, 2008 Roxas, Palawan
26. Crispin L. Saldana 20976256 Jan. 14, 2008 Roxas, Palawan
27. Cristina S. Angelada 20975733 Jan. 11, 2008 Roxas, Palawan
28. Daniel M. Garcellano 04090942 Jan. 09, 2008 Roxas, Palawan
29. Delia M. Garcellano 20977419 Jan. 22, 2008 Roxas, Palawan
30. Delia S. Bollon 04088027 Jan. 07, 2008 Roxas, Palawan
31. Diosdado M. Sabroso 20977335 Jan. 29, 2008 Roxas, Palawan
32. Doris P. Pacaldo 04088215 Jan. 07, 2008 Roxas, Palawan
33. Doroteo M. Piansay 04087845 Jan. 07, 2008 Roxas, Palawan
34. Edgar M. Padul 20977454 Jan. 23, 2008 Roxas, Palawan
35. Edgardo A. Padul 21011109 Jan. 22, 2008 Roxas, Palawan
36. Editha Z. Bacaltos 20977072 Jan. 22, 2008 Roxas, Palawan
37. Eduardo A. Canilla 15676828 Jan. 10, 2008 Roxas, Palawan
38. Eleuterio B. Bungalso 21011551 Jan. 24, 2008 Roxas, Palawan
39. Elmer A. Villar 04045144 Jan. 21, 2008 Roxas, Palawan
40. Elmer M. Sotta 22773242 Jan. 07, 2008 Roxas, Palawan
41. Elna E. Dagunan 20975749 Jan. 14, 2008 Roxas, Palawan
42. Elpidio D. Batul Jr. 21011162 Jan. 22, 2008 Roxas, Palawan
43. Elsa B. Pedrez 04087608 Jan. 04, 2008 Roxas, Palawan
44. Elsa C. Gacot 20976071 Jan. 14, 2008 Roxas, Palawan
45. Elvira A. Manga 20976079 Jan. 14, 2008 Roxas, Palawan
46. Emelia S. Sebido 20975986 Jan. 13, 2008 Roxas, Palawan
47. Emily C. Benjamin 15676835 Jan. 12, 2008 Roxas, Palawan
48. Emy C. Fresnillo 21011165 Jan. 22, 2008 Roxas, Palawan
49. Erlina T. Amos 21011167 Jan. 22, 2008 Roxas, Palawan
50. Erlinda D. Panganiban 04087525 Jan. 03, 2008 Roxas, Palawan
51. Esther F. Conde 21011159 Jan. 22, 2008 Roxas, Palawan
52. Eufronio Aningalan 04087372 Jan. 02, 2008 Roxas, Palawan
Page 15 of 21
Revised March2012
53. Evelyn L. Bundac 21011155 Jan. 22, 2008 Roxas, Palawan

54. Fe B. Ayco 21011108 Jan. 22, 2008 Roxas, Palawan
55. Flordeliza B. Benjamin 20977074 Jan. 22, 2008 Roxas, Palawan
56. Franco R. Salonga 21011123 Jan. 23, 2008 Roxas, Palawan
57. Freddie D. Aguilar 04088034 Jan. 07, 2008 Roxas, Palawan
58. Gil A. Valledor 21011103 Jan. 22, 2008 Roxas, Palawan
59. Gilda C. Austria 20977333 Jan. 18, 2008 Roxas, Palawan
60. Henry Dan M. Arzaga 20976110 Jan. 14, 2008 Roxas, Palawan
61. Imelda C. Austria 20976072 Jan. 14, 2008 Roxas, Palawan
62. Imelda S. Madeja 20975532 Jan. 11, 2008 Roxas, Palawan
63. James J. Fabrigas 04087429 Jan. 07, 2008 Roxas, Palawan
64. Jay S. Llavan 04090997 Jan. 08, 2008 Roxas, Palawan
65. Jessie C. Bungay 20975519 Jan. 10, 2008 Roxas, Palawan
66. Jimmy C Mianon 15676833 Jan. 22, 2008 Roxas, Palawan
67. Joaquina L. Atilano 21011152 Jan. 22, 2008 Roxas, Palawan
68. Joegary A. Banes 04088049 Jan. 07, 2008 Roxas, Palawan
69. Joey A. Geolingo 20976498 Jan. 23, 2008 Roxas, Palawan
70. Joey F. Gabo 20976085 Jan. 14, 2008 Roxas, Palawan
71. Jonalyn R. Factor 20976070 Jan. 14, 2008 Roxas, Palawan
72. Jose Gavino O. Florese 20976054 Jan. 11, 2008 Roxas, Palawan
73. Joselito A. Alvarez 20977353 Jan. 18, 2008 Roxas, Palawan
74. Josephine G. Mayo 20977107 Jan. 18, 2008 Roxas, Palawan
75. Juan C. Aguillon 20976103 Jan. 14, 2008 Roxas, Palawan
76. Judith F. Bejo 09774082 Jan. 21, 2008 Roxas, Palawan
77. Julie B. Gapulao 20977186 Jan. 22, 2008 Roxas, Palawan
78. Juliet A. Barcelona 21011153 Jan. 22, 2008 Roxas, Palawan
79. Julieta B. Roa 21011168 Jan. 11, 2008 Roxas, Palawan
80. Julieta G. Panganiban 04087839 Jan. 04, 2008 Roxas, Palawan
81. Juvinal R. Libiran 20975403 Jan. 18, 2008 Roxas, Palawan
82. Leo C. Salvino 20977070 Jan. 22, 2008 Roxas, Palawan
83. Leonila C. Pidor 04073180 Jan. 02, 2008 Roxas, Palawan
84. Leonilo G. Bosas 20977148 Jan. 18, 2008 Roxas, Palawan
85. Leonora S. Valenzuela 20976796 Jan. 18, 2008 Roxas, Palawan
86. Liezl M. Sargento 04088138 Jan. 08, 2008 Roxas, Palawan
87. Lilia B. Gumabras 21011198 Jan. 23, 2008 Roxas, Palawan
88. Lucita L. Cayapas 20977073 Jan. 22, 2008 Roxas, Palawan
89. Ma. Bega Louella G. Fernandez 20976101 Jan. 14, 2008 Roxas, Palawan
90. Maria Ana S. Larrosa 21011659 Jan. 28, 2008 Roxas, Palawan
91. Maribel E. Delos Reyes 20976253 Jan. 14, 2008 Roxas, Palawan
92. Maricris P. Cacananta 21011158 Jan. 22, 2008 Roxas, Palawan
93. Marilo T. Manlavi 20975970 Jan. 11, 2008 Roxas, Palawan
94. Marilou L. Gonzales 04090952 Jan. 08, 2008 Roxas, Palawan
95. Marilou R. Magallanes 04090005 Jan. 08, 2008 Roxas, Palawan
96. Mario Bernard T. Bollon 04088026 Jan. 07, 2008 Roxas, Palawan
97. Mario Maruel B. Bonbon 20977149 Jan. 18, 2008 Roxas, Palawan
98. Marivic A. Villafuerte 04073613 Jan. 02, 2008 Roxas, Palawan
99. Marivic S. Abaca 04087580 Jan. 04, 2008 Roxas, Palawan
100. Mark B. Timbancaya 04088048 Jan. 07, 2008 Roxas, Palawan
101. Mary Ann N. Mendoza 20976783 Jan. 17, 2008 Roxas, Palawan
102. Mary Jane B. Villanoche 21011104 Jan. 22, 2008 Roxas, Palawan
103. Maybelene O. Talanquines 04090993 Jan. 08, 2008 Roxas, Palawan
104. Medardo S. Ulson 20976146 Jan. 16, 2008 Roxas, Palawan
105. Melvin Y. Yara 04087626 Jan. 07, 2008 Roxas, Palawan
106. Merlinda B. Eyana 21011156 Jan. 22, 2008 Roxas, Palawan
107. Merlita M. De Ramos 20976473 Jan. 17, 2008 Roxas, Palawan
108. Minerva M. Parangue 20975750 Jan. 14, 2008 Roxas, Palawan
119. Nancita A. De Asis 21011110 Jan. 22, 2008 Roxas, Palawan
110. Nancy C. Miraflores 04087351 Jan. 02, 2008 Roxas, Palawan
111. Nestor G. Conde Sr. 20977137 Jan. 19, 2008 Roxas, Palawan
112. Nherla N. Bacaltos 20976458 Jan. 15, 2008 Roxas, Palawan
113. Nilda G. Sabroso 20977336 Jan. 18, 2008 Roxas, Palawan
114. Nimrod B. Abrina 04088035 Jan. 07, 2008 Roxas, Palawan
Page 16 of 21
Revised March2012
115. Ninfa B. Hesita 21011161 Jan. 22, 2008 Roxas, Palawan

116. Ninfa G. Dramayo 21011194 Jan. 22, 2008 Roxas, Palawan
117. Nonita E. De Pablo 21011170 Jan. 22, 2008 Roxas, Palawan
118. Norberto D. Nicor 20977136 Jan. 18, 2008 Roxas, Palawan
119. Pablo M. Aborot 04090100 Jan. 10, 2008 Roxas, Palawan
120. Perla C. Bungay 21011164 Jan. 22, 2008 Roxas, Palawan
121. Phebe M. Gatchalian 04090958 Jan. 08, 2008 Roxas, Palawan
122. Rachel M. Delgado 21011135 Jan. 23, 2008 Roxas, Palawan
123. Rafael S. Gabayan 21011169 Jan. 22, 2008 Roxas, Palawan
124. Ramon G. Manapat 20977121 Jan. 13, 2008 Roxas, Palawan
125. Ramon S. Javier 20977121 Jan. 18, 2008 Roxas, Palawan
126. Raquel S. Vicera 04090068 Jan. 08, 2008 Roxas, Palawan
127. Rebecca H. Mayo 21011189 Jan. 22, 2008 Roxas, Palawan
128. Rebecca L. Paz 21011151 Jan. 22, 2008 Roxas, Palawan
129. Rebecca M. Fabiano 04088295 Jan. 16, 2008 Roxas, Palawan
130. Rechel C. Feraris 20976619 Jan. 16, 2008 Roxas, Palawan
131. Regina P. Adion 20976123 Jan. 18, 2008 Roxas, Palawan
132. Regino C. Evio 04088039 Jan. 07, 2008 Roxas, Palawan
133. Reynaldo C. Morales 04090009 Jan. 08, 2008 Roxas, Palawan
134. Ricky Rollan C. Valdez 04045357 Jan. 07, 2008 Roxas, Palawan
135. Roberto M. Malabayabas 20976296 Jan. 15, 2008 Roxas, Palawan
136. Roselyn R. Bien 20977334 Jan. 18, 2008 Roxas, Palawan
137. Rodrigo F. Bernardo 20976052 Jan. 11, 2008 Roxas, Palawan
138. Roena D. Carandang 21011188 Jan. 22, 2008 Roxas, Palawan
139. Rogelio c. Magbanua 04088024 Jan. 07, 2008 Roxas, Palawan
140. Rolando L. Ulzoron 20977059 Jan. 18, 2008 Roxas, Palawan
141. Ronelio S. Larrosa 20977425 Jan. 22, 2008 Roxas, Palawan
142. Ronita B. Heredero 21011154 Jan. 22, 2008 Roxas, Palawan
143. Rosalia A. Tan 20976108 Jan. 14, 2008 Roxas, Palawan
144. Rosalie V. Macatangay 20975808 Jan. 11, 2008 Roxas, Palawan
145. Rosario Panis 20977124 Jan. 22, 2008 Roxas, Palawan
146. Rosemarie B. Magdayao 20975827 Jan. 14, 2008 Roxas, Palawan
147. Rosemarie M. Paguia 20975789 Jan. 15, 2008 Roxas, Palawan
148. Rosie U. Mampay 04073630 Jan. 02, 2008 Roxas, Palawan
149. Ruben B. Favila 20976127 Jan. 15, 2008 Roxas, Palawan
150. Rufino G. Gonzales, Jr 21011168 Jan. 22, 2008 Roxas, Palawan
151. Sharen S. Bungalso 04088216 Jan. 08, 2008 Roxas, Palawan
152. Shiela Marie S. Fajardo 07900860 Jan. 22, 2008 Roxas, Palawan
153. Socorro V. Gula 04090055 Jan. 08, 2008 Roxas, Palawan
154. Sylvia L. Del Rosario 20975713 Jan. 11, 2008 Roxas, Palawan
155. Teodoro V. Cayetano 20977423 Jan. 22, 2008 Roxas, Palawan
156. Teresita G. Villamero 21011186 Jan. 22, 2008 Roxas, Palawan
157. Teresita M. Panes 15676832 Jan. 22, 2008 Roxas, Palawan
158. Tessie C. Quilang 04090056 Jan. 08, 2008 Roxas, Palawan
159. Tomasito P. Palatino 04088126 Jan. 07, 2008 Roxas, Palawan
160. Vicente M. Ventilacion 20977418 Jan. 22, 2008 Roxas, Palawan
161. Victor B. Bundal 04073645 Jan. 02, 2008 Roxas, Palawan
162. Victoria G. Morales 04090008 Jan. 08, 2008 Roxas, Palawan
163. Wilfredo B. Valdez 20976105 Jan. 14, 2008 Roxas, Palawan
164. William B. Pedrez 04087646 Jan. 07, 2008 Roxas, Palawan
165. Zenaida A. Cabildo 21011178 Jan. 22, 2008 Roxas, Palawan
All known to me to be the same persons who executed the foregoing

Articles of Cooperation, and acknowledge to me that the same is their free will
and voluntary deed.
This instrument known as Article of Cooperation consists of 17 pages

including this page where the acknowledgement is written signed by the parties
and their instrumental witnesses on each and every page thereof.
Page 17 of 21
Revised March2012
WITNESS my hand and seal this day and place first above mentioned
Doc. NO.: 168

Page No.: 034
Book No.: 001
Series 2021
(Signed)
CHRISTIAN DAVE S. LIBIRAN
Notary Public
Until December 31, 2009
Roll No. 51394
PTR No. 0097792/01/03/08 – PPC
IBP No. 707652/12/07/07 – PPC
BY LAWS
(AMENDED)
ROXAS PALAWAN MUNICIPAL EMPLOYEES AND COMMUNITY

MULTI-PURPOSE COOPERATIVE
KNOW ALL MEN BY THESE PRESENTS:
We, the undersigned Filipino citizen, of legal age, and residents of the
Philippines, representing at least majority of the members of Roxas Palawan
Municipal Employees and Community Multi-Purpose Cooperative
(RPMECMPC), do hereby adopt the following code of by-laws.
Article I
Purpose/s and Objectives
The purpose/s and objectives of this co-operative are those set forth in
its Articles of Cooperation and those generally granted cooperative under RA
9520 and the rules and regulations there under.
Article II
Membership
Section 1. Membership. This Cooperative shall have regular and

associate members.
A regular member is one who has complied with all the membership
requirements and entitled to all the rights and privileges of membership who
are employees of the Municipal Government of Roxas holding permanent
positions.
Page 18 of 21
Revised March2012
An associate member is one who has no right to vote nor be voted upon and
shall be entitled only to such rights and privileges as the by-laws may provide.
He/she must be:
* Spouse of the regular member
* Son/daughter of the regular member
* Parent/s of the regular member
* Siblings of the regular member
* Elected officials
* Employees of RPMECMPC
*Temporary, co-terminous, contractual and contract of service LGU employees.
* All business owners.
Section 2. Qualification for Membership - The membership of this

cooperative is open to anyone who possessed the following qualifications:
a.) Must be a natural persons

b.) Filipino citizen
c.) Legal age with the capacity to enter into contract and within the
common bond and field of membership described in Article VIII
of the Articles of Cooperation.
d.) Must have not previously withdrawn his/her membership/ share
capital from the Roxas Palawan Municipal Government
Employees Multi-Purpose Cooperative/Roxas Palawan Municipal
Employees and Community Multi-Purpose Cooperative.
Section 3. Requirements for Membership.
A member must have complied with the following requirements:

a. Approved application for membership;
b. Certificate of completion of the prescribed Pre-Membership Education
Seminar (PMES);
c. Subscribed and paid the required minimum share capital and
membership fee; and
d. Use and anticipate to use the services of the cooperative.
Section 4. Application for Membership. An applicant for membership

shall file a duly accomplished form to the Board of Directors who shall act
upon the application within Ten (10) days from the date of filing. The Board of
Directors shall devise a form for the purpose which shall, aside from the
personal data of the applicant, include the duties of a member to participate in
all programs including but not limited to capital build-up and savings
mobilization of the co-operative and, such other information as may be deemed
necessary.
The application form for membership shall include an undertaking to
uphold the By-laws, policies, guidelines, rules and regulations promulgated by
Page 19 of 21
Revised March2012
the Board of Directors and the general assembly. No application for

membership shall be given due course if not accompanied with a membership
fee of five hundred pesos (Php 500.00) which shall be refunded to the
applicant in case of rejection.
Section 5. Minimum Share Capital Requirement. An applicant for

membership shall subscribe at least Sixty (60) shares and pay the value of at
least Fifteen (15) shares upon approval of his / her membership.
However, no member shall own or hold more than the total subscribed
Ten percent (10%) of the total subscribed share capital of the Cooperative. The
Board of Directors shall issue membership certificate and subscription
agreement with such terms and conditions as maybe deemed equitable.
Section 6. Appeal. An applicant whose application was denied by the

Board of Directors may appeal to the General Assembly by giving notice to the
Secretary of the cooperative within Thirty (30) days before the next general
assembly meeting, whose decision on the matter shall be final. For this
purpose, the General Assembly may opt to create a membership Appeals and
Grievance Committee, the members of which shall serve for a period of One (1)
year and shall decide appeal on membership within Thirty (30) days upon
receipt thereof if the committee fails to decide within the same period, the
appeals shall be deemed approved in favor of the applicant.
Section 7. Duties and Responsibilities of a Member. Every member

shall have the following duties:
a. Pay the installment of his/her share capital subscription as it falls due

and to participate in the capital build-up and savings mobilization
activities of the Cooperative;
b. Patronize the Cooperative’s business(es) and services;
c. Participate in the membership education programs;
d. Attend and participate in the deliberation of all matters taken during
general assembly meetings;
e. Observe and obey all lawful orders, decisions, rules and regulations
adopted by the Board of Directors and the general assembly; and
f. Promote the purposes and goals of the Cooperative, the success of its
business, the welfare of its members and the cooperative movement in
general.
Section 8. Rights and Privileges of Members. A member shall have the

following rights and privileges:
8.1 Regular Members;
a. Attend during general membership meetings;
b. Avail himself of the services of the Cooperative, subject to certain

conditions as may be prescribed by the Board of Directors;
c. Inspect and examine the books of accounts, the minutes books, the
share register, and other records of the Cooperative during reasonable
office hours;
d. Secure copies of cooperative records/documents pertaining to the

account information of the concerned member;
Page 20 of 21
Revised March2012
e. Participate in the continuing education and other training programs of

the cooperative; and
f. Such other rights and privileges as may be granted by the General

Assembly.
8.2 Associate Members:
a. Attend during general membership meetings;
b. Avail himself of the services of the Cooperative, subject to certain

conditions as may be prescribed by the Board of Directors;
c. Inspect and examine the books of accounts, the minutes books, the
share register, and other records of the Cooperative during reasonable
office hours;
d. Secure copies of cooperative records/documents pertaining to the

account information of the concerned member;
e. Participate in the continuing education and other training programs of

f. Such other rights and privileges as may be granted by the General

Assembly.
g. Has preference in the payment of interest on share capital and in the

distribution of the net assets of the cooperative in case of liquidation.
Section 9. Member Entitled to Vote. Any regular member who meets

the following conditions is a member entitled to vote:
a. Paid the membership fee and the value of the minimum shares required
for membership;
b. Not delinquent in the payment of his/her share capital subscriptions and
other accounts or obligations;
c. Not violated any provision of cooperative laws, CDA administrative
issuances, Articles of Cooperation and this By-laws, the terms and
conditions of the subscription agreement; and the decisions, guidelines,
rules and regulations promulgated by the Board of Directors and the
general assembly;
d. Completed the continuing education program prescribed by the Board of
Directors; and
e. Participated in the affairs of the Cooperative and patronized its
businesses in accordance with cooperative’s policies and guidelines.
Failure of the member to meet any of the above conditions shall mean
suspension of voting rights subject to the declaration of the board of directors
until the same has been lifted upon the determination of the latter.
Consequently, a member entitled to vote shall have the following additional

rights:
a. Participate and vote on all matters deliberated upon during general

assembly meetings;
b. Seek any elective or appointive position, subject to the provisions of this
By-laws and the Philippine Cooperative Code of 9520; and
Page 21 of 21
Revised March2012
c. Such other rights and privileges as may be provided by the General

Assembly.
Section 10. Rights of Members Entitled to Vote. A member entitled to

vote shall have the following rights:
a.) Participate and vote on all matters deliberated upon during general
assembly meetings;
b.) Seek any elective or appointive positions, subject to the provision of

this By – laws and the Philippine Cooperative Code of 2008.
c. Avail himself of the services of the cooperative subject to certain

conditions as maybe prescribed by the Board of Directors.
d.) Inspect and examine the books of accounts, the minute books, the
share register and other records of the cooperative during office
hours.
e.) Participate in the continuing education and other training programs of

f.) Such other rights and privileges as maybe provided by the General
Assembly.
Section 11. Liability of Members. A member shall be liable for the

debts of the Cooperative only to the extent of his/her subscribed share capital.
Section 12 Termination of Membership. Termination of membership

may be automatic, voluntary or involuntary, which shall have the effect of
extinguishing all rights of a member in the Cooperative, subject to refund of
share capital contribution under Section 13 hereof.
a. Automatic Termination of Membership. The death or insanity of a

member shall be considered an automatic termination of his/her
membership in the Cooperative.
b. Voluntary Termination. A member may, for any valid reason, withdraw

his/her membership from the Cooperative by giving a sixty (60) days
notice in writing to the Board of Directors.
c. Involuntary Termination. A member may be terminated by a vote of the

majority of all the members of the Board of Directors for any of the
following causes:
i. Has not patronized the service(s)/business(es) of the Cooperative

as provided for in the policies of the cooperative;
ii. Has continuously failed to comply with his/her obligations as

provided for in the policies of the cooperative;
iii. Has violated any provision of this By-laws and the policies of the
cooperative; and
iv. For any act or omission injurious or prejudicial to the interest or

the welfare of the Cooperative.
Section 13. Manner of Involuntary Termination. The Board of
Page 22 of 21
Revised March2012
Directors shall notify in writing the member who is being considered for
termination and shall give him/her the opportunity to be heard.
The decision of the board of directors in writing shall be communicated

in person or by registered mail to said member and is appealable within thirty
(30) days from receipt thereof to the general assembly whose decision shall be
final.
Section 14. Refund of Share Capital Contribution. A member whose
membership is terminated shall be entitled to a refund of his/her share capital
contribution and all other interests in the Cooperative. However, such refund
shall not be made if upon payment the value of the assets of the Cooperative
would be less than the aggregate amount of its debts and liabilities exclusive of
his/her share capital contribution. In which case, the member shall continue
to be entitled to the interest of his/her share capital contributions, patronage
refund and the use of the services of the Cooperative until such time that all
his/her interests in the Cooperative shall have been duly paid.
ARTICLE III
Administration
Section 1. The General Assembly (GA). The general assembly is

composed of all the members entitled to vote, duly assembled and constituting
a quorum and is the highest policy-making body of the Cooperative.
Section 2. Powers of the General Assembly. Subject to the pertinent

provisions of the Cooperative Code and the rules issued there under, the
general assembly shall have the following exclusive powers which cannot be
delegated:
a. To determine and approve amendments to the cooperative Articles of

Cooperation and By-laws;
b. To elect or appoint the members of the board of directors, and to remove
them for cause;
c. To approve developmental plans of the cooperative; and
d. To take final decisions regarding any drastic any drastic change in
financial policies, subject to legal restrictions;
e. To exercise all powers expressly provided by law and the by-laws.
Section 3. Meetings. Meetings of the general assembly, board of

directors and committees may be regular or special. All proceedings and
business(es) undertaken at any meeting of the general assembly or Board of
Directors, if within the powers or authority of the Cooperative, there being a
quorum, shall be valid.
Section 4. Regular General Assembly Meeting. The general assembly

shall hold its annual regular meeting at the principal office of the cooperative
or at any place within its area of operation within Ninety (90) days after close of
its fiscal year.
Section 5. Special General Assembly Meeting. The Board of Directors

may, by a majority vote of all its members, call a special general assembly
meeting at any time to consider urgent matters requiring immediate
membership decision. The Board of Directors must likewise call a special
general assembly meeting within one (1) month from receipt of a written
request from:
a. at least ten percent (10%) of the total number of members entitled to vote;
Page 23 of 21
Revised March2012
b. The Audit Committee; or

c. the Federation or Union to which the Cooperative is a member; or
d. upon Order of the Cooperative Development Authority.
Section 6. Notice of Meeting. All notices of meetings shall be in writing

and shall include the date, time, place, and agenda thereof stated therein.
a. Regular General Assembly Meeting. Notice of the annual regular general

assembly meeting shall be served by the Secretary, personally or his/her
duly authorized representative, by registered mail, or by electronic means
to all members of record at his/her last known postal address, or by
posting or publication, or through other electronic means, at least one (1)
week before the said meeting. It shall be accompanied with an agenda,
minutes of meeting of the last general assembly meeting, consolidated
reports of the Board of Directors and Committees, audited financial
statements, and other papers which may assist the members to
intelligently participate in the proceedings.
b. Special General Assembly Meeting. Notice of any special general assembly

meeting shall be served by the Secretary personally or his/her duly
authorized representative, by registered mail, or by electronic means
upon each members who are entitled to vote at his/her last known postal
address, or by posting or publication, or through other electronic means,
at least one (1) week before the said meeting. It shall state the purpose
and, except for related issues, no other business shall be considered
during the meeting.
c. Waiver of Notice. Notice of any meeting may be waived, expressly or

impliedly, by the member concerned.
Section 7. Fiscal Year – The fiscal year of this cooperative shall commence on
the first day of January and end on the last day of December.
Section 8. Order of Business. As far as practicable, the order of business of a

regular general assembly meeting shall be:
a. Call to order;
b. Declaration/Consideration of presence of quorum;
c. Reading, consideration and approval of the minutes of the previous
meeting;
d. Presentation and approval of the reports of the board of directors,
officers, and the committees, including audited financial statements of
the Cooperative;
e. Unfinished business;
f. New business;
i. Election of directors and committee members
ii. Approval of Development and/or annual Plan and Budget
iii. Hiring of External Auditor
iv. Other related business matters
g. Announcements; and
h. Adjournment
Section 9. Quorom for General Assembly meeting. During regular or

special general assembly, at least Twenty Five Percent (25%) of the total
number of active members entitled to vote shall constitute a quorum.
Page 24 of 21
Revised March2012
Section 10. Voting System. Only members entitled to vote shall be

qualified to participate and vote in any general assembly meeting. A member is
entitled to one vote only regardless of the number of shares he/she owned.
Section 11. Election or removal of Directors and Committee

members shall be by secret ballot. Action on all matters shall be in any
manner that will truly and correctly reflect the will of the membership. No
proxy and/or cumulative voting shall be allowed.
ARTICLE IV
Board of Directors
Section 1. Composition of Board of Directors (BOD). The conduct and

management of the affairs of the cooperative shall be vested in the Board of
Directors, which shall be composed of seven (7) members.
Section 2. Functions and Responsibilities. The Board of Directors

shall have the following functions and responsibilities:
a. Provide general policy direction;

b. Formulate the strategic development plan;
c. Determine and prescribe the organizational and operational structure;
d. Review the Annual Plan and Budget and recommend for the approval of
the GA;
e. Establish policies and procedures for the effective operation and ensure
proper implementation of such;
f. Evaluate the capability and qualification, and recommend to the GA the
engagement of the services of the External Auditor;
g. Appoint the members of the Mediation/Conciliation and Ethics
Committees and other Officers as specified in the Code and cooperative
By-laws;
h. Declare the members entitled to vote;
i. Decide election related cases involving the Election Committee and its
members;
j. Act on the recommendation of the Ethics Committee on cases involving
violations of Code of Governance and Ethical Standards; and
k. Perform such other functions as may be prescribed in the By-laws or
authorized by the GA.
Section 3. Qualifications. Any member who are entitled to vote and

has the following qualifications can be elected or continue as member of the
Board of Directors:
a. Has paid the minimum capital requirement;
b. Have continuously patronized the cooperative services;
c. A member in good standing for the last two (2) years.
d. Completed or willingness to complete within the prescribed period the

required education and training whichever is applicable; and
e. Other qualifications prescribed in the Implementing Rules of Regulations

(IRR) of R.A. 9520.
Section 4. Disqualifications. Any member who is under any of the

following circumstances shall be disqualified to be elected as a member of the
Board of Directors or any committee, or to continue as such:
Page 25 of 21
Revised March2012
a. Holding any elective position in the government, except that of a party

list representative being an officer of a cooperative he/she represents;
b. The members of the board of directors shall not hold any other position
directly involved in the day-to-day operation and management of the
cooperative;
c. Having direct or indirect personal interest with the business of the

Cooperative;
d. Having been absent in three (3) consecutive meetings or in more than

fifty percent (50%) of all meetings within the twelve (12) month period
unless with valid excuse as approved by the board of directors;
e. Being an official or employee of the Cooperative Development Authority,

except in a cooperative organized among themselves;
f. Having been convicted in administrative proceedings or civil/criminal

suits involving financial and/or property accountability; and
g. Having been disqualified by law.
Section 5. Election of Directors. The members of the Board of

Directors shall be elected by secret ballot by members entitled to vote during
the annual regular general assembly meeting or special general assembly
meeting called for the purpose. Unless earlier removed for cause, or have
resigned or become incapacitated, they shall hold office for a term of two (2)
years or until their successors shall have been elected and qualified; Provided,
that majority of the elected directors obtaining the highest number of votes
during the first election after registration shall serve for two (2) years, and the
remaining directors for one (1) year. Thereafter, all directors shall serve for a
term of two (2) years. The term of the cooperating directors shall expire upon
the election of their successors in the first regular general assembly after
registration.
No two (2) or more persons with relationships up to the third degree of

consanguinity or affinity shall serve as elective or appointive officers.
Section 6. Election of Officer within the Board. The Board of

Directors shall convene within ten (10) days after the general assembly
meeting to elect by secret ballot from among themselves the Chairperson and
the Vice-Chairperson, and to elect or appoint the Secretary and Treasurer from
outside of the Board.
For committees elected by the General Assembly and/or appointed by

the BOD, procedural process of electing the Chairperson, Vice-Chairperson or
other positions among themselves should be in accordance with the process
mentioned above.
Section 7. Meeting of the Board of Directors. The regular meeting of

the Board of Directors shall be held at least once a month. However, the
Chairperson or majority of the directors may at any time call a special and or
emergency Board meeting to consider urgent matters. The call shall be
addressed and delivered through the Secretary stating the date, time and place
of such meeting and the matters to be considered. Notice of regular and special
meetings of the Board of Directors, unless dispensed with, shall be served by
Page 26 of 21
Revised March2012
the Secretary in writing or through electronic means to each director at least

two (2) days before such meeting.
Majority of the total number of directors constitutes a quorum to

transact business. Any decision or action taken by the majority members of the
Board of Directors in a meeting duly assembled shall be a valid cooperative act.
Section 8. Vacancies. Any vacancy occurring in the Board of Directors

by reason of death, incapacity, removal or resignation may be filled-up by a
majority vote of the remaining directors, if still constituting a quorum;
otherwise, such vacancy shall be filled by the general assembly in a regular or
special meeting called for the purpose. The elected director shall serve only for
the unexpired term of his/her predecessor in office.
In the event that the general assembly failed to muster a quorum to fill
the positions vacated by directors whose term have expired and said directors
refuse to continue their functions on a hold-over capacity, the remaining
members of the Board together with the members of the Audit Committee shall
designate, from the qualified regular members of the general assembly, their
replacements who shall serve temporarily as such until their successors shall
have been elected and qualified in a regular or special general assembly
meeting called for the purpose.
If a vacancy occurs in any elective committee it shall be filled by the

remaining members of the said committee, if still constituting a quorum,
otherwise, the Board, in its discretion, may appoint or hold a special election to
fill such vacancy.
Section 9. Removal of Members of the Board of Directors and

Committee Members. All complaints for the removal of any elected officer shall
be filed with the Board of Directors and such officer shall be given the
opportunity to be heard. Majority of the Board of Directors may place the
officer concerned under preventive suspension pending the resolution of the
investigation. Upon finding of a prima facie evidence of guilt, the Board of
Directors shall present its recommendation for removal to the general
assembly. For this purpose, the Board of Directors shall provide policy on
suspension.
An elective officer may be removed by three-fourths (¾) of the regular
members present and constituting a quorum, in a regular or special general
assembly meeting called for the purpose. The officer concerned shall be given
the opportunity to be heard at said assembly.
In cases where the officers sought to be removed consist of the majority

of the BOD at least 10% of the members with voting rights may file a petition
with the CDA upon failure of the BOD to call an assembly meeting to
commence the proceeding for their removal. The decision of the GA on the
matter is final and executory.
An officer appointed by the Board of Directors may be removed from

office for cause by a majority vote of all the members of the Board of Directors.
Section 10. Prohibitions. Any member of the Board of Directors shall

not hold any other position directly involved in the day-to-day operation and
management of the cooperative nor engage in any business similar to that of
the cooperative or who in any way has a conflict of interest with it.
Page 27 of 21
Revised March2012
ARTICLE V
Committees
Section 1. Audit Committee. An Audit Committee is hereby created and

shall be composed of three (3) members to be elected during a general
assembly meeting and shall hold office for a term of one (1) year or until their
successors shall have been elected and qualified. Within ten (10) days after
their election, they shall elect from among themselves a Chairperson, Vice-
Chairperson and a Secretary. No member of the committee shall hold any other
position within the Cooperative during his/her term of office. The Committee
shall provide internal audit service, maintain a complete record of its
examination and inventory, and submit an audit report quarterly or as may be
required by the Board and the general assembly.
The audit committee shall be directly accountable and responsible to the

General Assembly. It shall have the power and duty to continuously monitor
the adequacy and effectiveness of the cooperative's management control system
and audit the performance of the cooperative and its various responsibility
centers.
Section 2. Functions and Responsibilities. The Audit Committee shall:
a. Monitor the adequacy and effectiveness of the cooperative’s management

and control system;
b. Audit the performance of the cooperative and its various responsibility
centers;
c. Review continuously and periodically the books of account and other
financial records to ensure that these are in accordance with the
cooperative principles & generally accepted accounting procedures;
d. Submit reports on the results of the internal audit and recommend
necessary changes on policies and other related matters on operation to
the Board of Directors and GA;
e. Recommend or petition to the Board of Directors the conduct of special
general assembly when necessary; and
f. Perform such other functions as may be prescribed in the By-laws or
authorize by the GA.
Section 3. Election Committee. An Election Committee is hereby

created and shall be composed of three (3) members to be elected during a
general assembly meeting and shall hold office for a term of one (1) year or
until their successors shall have been elected and qualified. Within ten (10)
days after their election they shall elect from among themselves a Chairperson,
Vice-Chairperson and a Secretary. No member of the committee shall hold any
other position within the Cooperative during his/her term of office.
Section 4. Functions and Responsibilities. The Election Committee
shall:
a. Formulate election rules and guidelines, and recommend to the GA for

approval;
b. Implement election rules and guidelines duly approved by the GA;
c. Recommend necessary amendments to the election rules and guidelines,
in consultation with the Board of Directors, for approval of the GA;
d. Supervise the conduct, manner and procedure of election and other
election related activities and act on the changes thereto;
Page 28 of 21
Revised March2012
e. Canvass and certify the results of the election;

f. Proclaim the winning candidates;
g. Decide election and other related cases except those involving the
Election Committee or its members, and
h. Perform such other functions as prescribed in the By-laws or authorized
by the GA.
Section 5. Education and Training Committee. An Education and Training

Committee is hereby created and shall be composed of three (3) members to be
appointed by the Board of Directors and shall serve for a term of one (1) year,
without prejudice to their reappointment. Within ten (10) days after their
appointment, they shall elect from among themselves a Vice-Chairperson and a
Secretary. The Vice-Chairperson of the Board of Directors shall act as the
Chairperson of the Committee.
The committee shall be responsible for the planning and implementation
of the information, educational and human resource development programs of
the Cooperative for its members, officers and the communities within its area
of operation.
Section 6. Functions and Responsibilities. The Education and Training

Committee shall:
a. Keep members, officers, staff well-informed regarding cooperative’s

goals/objectives, policies & procedures, services, etc.;
b. Plan and implement educational program for coop members, officers and
staff;
c. Develop promotional and training materials for the cooperative; and
d. Conduct/Coordinate training activities.
Section 7. Mediation and Conciliation Committee. A Mediation and

Conciliation Committee is hereby created and shall be composed of three (3)
members to be appointed by the Board of Directors. Within ten (10) days after
their appointment, they shall elect from among themselves a Chairperson,
Vice-Chairperson and a Secretary who shall serve for a term of one (1) year or
until successors shall have been appointed and qualified. No member of the
Committee shall hold any other position in the Cooperative during his/her
term of office.
Section 8. Functions and Responsibilities. The Mediation and Conciliation

Committee:
a. Formulate and develop the Conciliation-Mediation Program and ensure

that it is properly implemented;
b. Monitor Conciliation-Mediation program and processes;
c. Submit semi-annual reports of cooperative cases to the Authority within
15 days after the end of every semester;
d. Accept and file Evaluation Reports;
e. Submit recommendations for improvements to the BOD;
f. Recommend to the BOD any member of the cooperative for Conciliation-
Mediation Training as Cooperative Mediator-Conciliator;
g. Issue the Certificate of Non-Settlement; and
h. Perform such other functions as may be prescribed in the By-laws or
Section 9. Ethics Committee. An Ethics Committee is hereby created

and shall be composed of three (3) members to be appointed by the Board of
Directors. Within ten (10) days after their appointment, they shall elect from
among themselves a Chairperson, Vice-Chairperson and a Secretary who shall
serve for a term of one (1) year or until successors shall have been appointed
Page 29 of 21
Revised March2012
and qualified. No member of the Committee shall hold any other position in the
Cooperative during his/her term of office.
Section 10. Functions and Responsibilities. The Ethics Committee

shall:
a. Develop Code of Governance and Ethical Standard to be observed by the
members, officers and employees of the cooperative subject to the
approval of the BOD and ratification of the GA;
b. Disseminate, promote and implement the approved Code of Governance
and Ethical Standards;
c. Monitor compliance with the Code of Governance and Ethical Standards
and recommend to the BOD measures to address the gap, if any;
d. Conduct initial investigation or inquiry upon receipt of a complaint
involving Code of Governance and Ethical Standards and submit report
to the BOD together with the appropriate sanctions;
e. Recommend ethical rules and policy to the BOD;
f. Perform such other functions as may be prescribed in the By-laws or
Section 11. Credit Committee. The Credit Committee shall be

composed of three (3) members appointed by the Board of Directors for a term
of one (1) year. They shall elect from among themselves a Chairperson, Vice-
Chairperson and a Secretary. No member of the committee shall hold any other
position within the cooperative during his/her term of office The committee
shall assist the board of directors in the formulation of sound lending policies,
systems and procedure. They shall be responsible for the credit management of
the cooperative. In the performance of its functions, it shall process, evaluate
and act upon loan application and withdrawal of deposits, except when the
applicants is a member of the committee or related to any them within the
third civil degree of consanguinity and affinity, in which case, the applicant
shall be acted upon by the Board of Directors; and exercise general supervision
including collection over all loans to members.
Section 12. Other Committees. By a majority vote of all its members,

the Board of Directors may form such other committees as may be deemed
necessary for the operation of the Cooperative.
ARTICLE VI
Officers and Management Staff of the Cooperative
Section 1. Officers and their Duties. The officers of the cooperative

shall include the Members of the Board of Directors, Members of the Different
Committees created by the General Assembly, General Manager or Chief
Executive Officer, Secretary, Treasurer and members holding other positions as
may be provided for in this By-laws, shall serve according to the functions and
responsibilities of their respective offices as follows:
a. Chairperson – The Chairperson shall:

i. Set the agenda for board meetings in coordination with the other
members of the BOD;
ii. Preside over all meetings of the Board of Directors and of the general
assembly;
iii. Sign contracts, agreements, certificates and other documents on
behalf of the cooperative as authorized by the Board of Directors or by
the GA;
iv. Issue Certificate of Non-Affiliation with the Federation or Union; and
v. Perform such other functions as may be authorized by the BOD or by
the GA.
Page 30 of 21
Revised March2012
b. Vice-Chairperson – the Vice-Chairperson shall:

i. Perform all the duties and responsibilities of the Chairperson in
the absence of the latter;
ii. Act as Ex-Officio Chairperson of the Education and Training
Committee; and
iii. Perform such other duties as may be delegated by the board of
directors.
c. Treasurer – The Treasurer shall:

i. Ensure that all cash collections are deposited in accordance with
the policies set by the BOD;
ii. Have custody of all funds, securities, and documentations relating
to all assets, liabilities, income and expenditures;
iii. Monitor and review the financial management operations of the
cooperative, subject to such limitations and control as may be
prescribed by BOD;
iv. Maintain full and complete records of cash transactions;
v. Maintain a Petty Cash Fund and Daily Cash Position Report; and
vi. Perform such other functions as may be prescribed in this By-laws
d. Secretary – The Secretary shall:

i. Keep an updated and complete registry of all members Record,
prepare and maintain records of all minutes of all meetings of the
BOD & the GA;
ii. Ensure that necessary BODs’ actions and decisions are transmitted to
the management for compliance and implementation;
iii. Issue and certify the list of members who are in good standing and
entitled to vote as determined by the BOD;
iv. Prepare and issue Share Certificates;
v. Serve notice of all meetings called and certify the presence of quorum
of all meetings of the BOD and GA;
vi. Keep copy of the Treasurer’s report & other reports;
vii. Keep and maintain the Share & Transfer Book;
viii. Serve as custodian of the cooperative seal; and
ix. Perform such other functions as may be prescribed in the By-laws or
e. General Manager. The General Manager shall:

i. Oversee the overall day-to-day business operations of the cooperative
by providing general direction, supervision, management and
administrative control over all the operating departments subject to
such limitations as may be set forth by the BOD or the GA;
ii. Formulate and recommend in coordination with the operating
departments under his/her supervision, the Cooperative’s Annual and
Medium Term Development Plan, programs and projects, for approval
of the BOD and ratification of GA;
iii. Implement the duly approved plans and programs of the cooperative
and any other directive or instruction of the BODs;
iv. Provide and submit to the BODs monthly reports on the status of the
coop’s operation vis-a-vis its target and recommend appropriate policy
or operational changes, if necessary;
v. Represent the cooperative in any agreement, contract, business
dealings, and in any other official business transaction as may be
authorized by the BODs;
vi. Ensure compliance with all administrative and other requirements of
regulatory bodies; and
Page 31 of 21
Revised March2012
vii. Perform such other functions as may be prescribed in the By-laws or

Section 2. Liabilities of Directors, Officers and Committee Members.

Directors, officers and committee members, who willfully and knowingly vote
for or assent to patently unlawful acts, or who are guilty of gross negligence or
bad faith in directing the affairs of the Cooperative or acquire any personal or
pecuniary interest in conflict with their duties as Directors, officers or
committee members shall be liable jointly and severally for all damages
resulting therefrom to the Cooperative, members and other persons.
When a director, officer or committee member attempts to acquire, or

acquires in violation of his/her duties, any interest or equity adverse to the
Cooperative in respect to any matter which has been reposed in him/her in
confidence, he/she shall, as a trustee for the Cooperative, be liable for damages
or loss of profits which otherwise would have accrued to the Cooperative.
Section 3. Management Staff. A core management team composed of

manager, cashier, bookkeeper, accountant, and other position as may be
necessary or as provided for in their Human Resource Manual shall take
charge of the day-to-day operations of the cooperative. The Board of Directors
shall appoint, fix their compensation and prescribe for the functions and
responsibilities.
Section 4. Qualification of the General Manager. No person shall be

appointed to the position of general manager unless he/she possesses the
following qualifications and none of the disqualifications herein enumerated:
a. Must be familiar with the business operation of the Cooperative;

b. Must have at least two (2) years experience in the operations of
Cooperative or related business;
c. Must not be engaged directly or indirectly in any activity similar to the
business of the Cooperative;
d. Must not have been convicted of any administrative, civil or criminal
cases involving moral turpitude, gross negligence or grave misconduct in
the performance of his/her duties;
e. Must be of good moral character;
f. Must not have been convicted of any administrative, civil or criminal case
involving financial and/or property accountabilities at the time of
his/her appointment; and
g. Must undergo pre-service and/or in-service trainings.
Section 5. Duties of Cashier. The Cashier of the Cooperative, who shall

be under supervision and control of the General Manager shall:
a. Handles monetary transactions;

b. Receives/collects payments and deposits;
c. Responsible for money received and expended;
d. Prepares reports on money matters; and
e. Perform such other duties as the Board of Directors may require.
Section 6. Duties of the Accountant. The Accountant of the

Cooperative, who shall be under supervision and control of the General
Manager shall:
a. Install an adequate and effective accounting system within the

Cooperative;
Page 32 of 21
Revised March2012
b. Render reports on the financial condition and operations of the

Cooperative monthly, annually or as may be required by the Board of
Directors and/or the general assembly;
c. Provide assistance to the Board of Directors in the preparation of annual
budget;
d. Keep, maintain and preserve all books of accounts, documents,
vouchers, contracts and other records concerning the business of the
Cooperative and make them available for auditing purposes to the
Chairperson of the Audit Committee; and
e. Perform such other duties as the Board of Directors may require.
Section 7. Duties of the Bookkeeper. The bookkeeper of the

Cooperative who is under supervision and control of the Accountant shall:
a. Records and update books of accounts;

b. Provide assistance in the preparation of reports on the financial
condition and operations of the Cooperative monthly, annually or as may
be required by the Board of Directors and/or the general assembly;
c. Keep, maintain and preserve all books of accounts, documents,
vouchers, contracts and other records concerning the business of the
Cooperative and make them available for auditing purposes to the
Chairperson of the Audit Committee; and d. Perform such other duties as
the Board of Directors may require.
Section 8. Qualifications of Accountant, Cashier, and Bookkeeper.

No person shall be appointed to the position of accountant and bookkeeper
unless they possess the following qualifications and none of the
disqualifications herein enumerated:
a. Bachelors degree in accountancy must be required for Accountant,

however, Cashier and Bookkeeper must be knowledgeable in handling
monetary transactions, accounting and bookkeeping;
b. Must have at least two (2) years experience in Cooperative or related
business;
c. Must not be engaged directly or indirectly in any activity similar to the
business of the Cooperative;
d. Must not be convicted of any administrative, civil or criminal case
involving moral turpitude, gross negligence or grave misconduct in the
performance of his/her duties;
e. Must be of good moral character;
f. Must be willing to undergo pre-service and/or in-service trainings in
accounting; and
g. Must not have been convicted of any administrative, civil or criminal case
involving financial and/or property accountabilities at the time of
his/her appointment.
Section 9. Compensation. Subject to the approval of the general

assembly, the members of the Board of Directors and Committees may, in
addition to per diems for actual attendance to board and committee meetings,
and reimbursement of actual and necessary expenses while performing
functions in behalf of the cooperative, be given regular compensation; Provided,
further, that the directors and officers shall not be entitled to any per diem
when, if in the preceding calendar year, the cooperative reported a net loss or
had a dividend rate less than the official inflation rate for the same year.
Article VII
Page 33 of 21
Revised March2012
Capital Structure
Section 1. Source of Funds. The Cooperative may derive its funds from
any or all of the following sources:
a. Member’s share capital contribution;

b. Loans and borrowings including deposits;
c. Revolving capital build-up which consist of the deferred payment of
patronage refund or interest on share capital;
d. Subsidies, grants, legacies, aids, donation and such other assistance
from any local or foreign institution, public or private;
e. Retentions from the proceeds of services acquired /goods procured by
members; and
f. Other sources of funds as may be authorized by law.
Section 2. Continuous Capital Build – Up. Every Member shall have

invested in any or all of the following:
a. At least One hundred Fifty Pesos (Php 150.00) per month;

b. At least one fifty percent (50%) of his/her annual interest on capital and
patronage refund; and
c. At least percentage of each loan granted him/her ;
a.) 2% for capital share balance below Php 50,000.00.
b.) 1% for capital share balance above Php 50,000.00.
Section 3. Borrowing. The Board of Directors, upon approval of the

General Assembly, may borrow funds from any source, local or foreign, under
such terms and conditions that best serve the interest of the Cooperative.
Section 4. Revolving Capital. To strengthen the capital structure of the

Cooperative, the General Assembly may authorize the Board of Directors to
raise a revolving capital by deferring the payment of patronage refunds and
interest on share capital, or such other schemes as may be legally adopted. To
implement this provision, the Board of Directors shall issue a Revolving Capital
Certificate with serial number, name, rate of interest, date of retirement and
such other privileges or restrictions as may be deemed just and equitable.
Section 5. Retentions. The General Assembly may authorize the Board

of Directors to raise additional capital by deducting a certain percent on a per
unit basis from the proceeds of services acquired and/or goods procured by
members.
Section 6. Share Capital Contribution. Share Capital Contribution

refers to the value of capital subscribed and paid for by a member in
accordance with its Articles of Cooperation.
Section 7. Share Capital Certificate. The Board of Directors shall

issue a Share Capital Certificate only to a member who has fully paid his/her
subscription. The Certificate shall be serially numbered and contain the
shareholder’s name, the number of shares owned, the par value, and duly
signed by the Chairperson and the Secretary, and bearing the official seal of
the cooperative. All certificates issued and/or transferred shall be registered in
the cooperative’s Share and Transfer Book.
The number of paid share required for the issuance of Share Capital
Certificate shall be determined by the Board of Directors.
The shares may be purchased, owned or held only by persons who are
eligible for membership. Subject to existing government rules or laws, interests
Page 34 of 21
Revised March2012
shall be paid only to paid-up shares which may be in cash; or credited as

payment of unpaid subscriptions, outstanding accounts, or additional shares
or to the revolving fund of the cooperative.
Section 8. Transfer of Shares. The Cooperative shall have the first

option to buy any share offered for sale. The amount to be paid for such shares
shall be the par value provided that:
a. He has held such shares or interests for not less than one (1) year;
b. The transfer is made to a member of the cooperative or to a person who
falls within the field of membership of the cooperative, and that said
person is acceptable to the cooperative; and
c. The Board of Directors has approved such transfer.
The transfer of shares shall not be binding to the cooperative until such
transfer has been registered in the share and transfer book. No transfer shall
be completed until the old certificate have been endorsed and surrendered to
the Cooperative and a new certificate is issued in the name of the member-
transferee. The corresponding transfer fee shall be collected from the transferee
as prescribed in the cooperative policy.
In case of lost or destroyed share certificate, the Board of Directors may

issue a replacement after the owner thereof executes a sworn affidavit, setting
forth the following:
a. Circumstances as to how, when and where said certificate was lost or
destroyed;
b. The serial number of the certificate; and the number of shares it
represents;
c. The lost or destroyed certificate has never been transferred, sold or
endorsed to any third party, that should the same be found, the owner
shall surrender it to the cooperative; and
d. That any false representation or statement made in the aforesaid affidavit
shall be a ground for expulsion from the cooperative.
ARTICLE VIII
Operations
Section 1. Primary Consideration. Adhering to the principle of service

over and above profit, the Cooperative shall endeavor to:
a. Engage in Credit, Consumer Store, Rice Trading, Canteen/Catering,

Contractor of Services, Goods and Infrastructures and Franchise holder
of Food Chains and Pharmaceuticals;
b. Formulate and implement program strategies that will provide its

members and the communities within its area of operation needed
goods/services;
c. Adopt and implement plans and programs which ensure the continued
build-up of the cooperative’s capital structure with the end view of
establishing other needed services for the members and the public;
d. Formulate and implement studies and/or programs that will address the
needs of members.
ARTICLE IX
Page 35 of 21
Revised March2012
Allocation and Distribution of Net Surplus
Section 1. Allocation - At the end of its fiscal year, the Cooperative shall
allocate and distribute its net surplus as follows:
a. Reserve Fund. Shall be Eighteen Percent (18%) of the net surplus and
shall be set aside for Reserve Fund.
i. The reserve fund shall be used for the stability of the Cooperative and
to meet net losses in its operations. The general assembly may
decrease the amount allocated to the reserve fund when it has already
exceeded the authorized share capital. Any sum recovered on items
previously charged to the reserve fund shall be credited to such fund.
ii. The reserve fund shall not be utilized for investment, other than those
allowed in the Cooperative Code. Such sum of the reserve fund in
excess of the authorized share capital may be used at any time for
any project that would expand the operations of the cooperative upon
the resolution of the general assembly.
iii. Upon the dissolution of the cooperative, the reserve fund shall not be
distributed among the members. However, the general assembly may
resolve:
a. To establish usufructuary fund for the benefit of any federation or

union to which the cooperative is affiliated; or
b. To donate, contribute or otherwise dispose of the amount for the

benefit of the community where the cooperative operates. If the
member could not decide on the disposition of the reserve fund, the
same shall be given to the federation or union to which the
cooperative is affiliated.
b. Education and Training Fund. Shall be Two percent (2%) of the net
surplus and shall be set aside for Education and Training Fund.
i. Half of the amount allocated to the education and training fund

annually under this subsection may be spent by the cooperative for
education and training purposes; while the other half may be remitted
to a union or federation chosen by the cooperative of which it is a
member.
ii. Upon the dissolution of the cooperative, the unexpended balance of

the education and training fund pertaining to the cooperative shall be
credited to the cooperative education and training fund of the chosen
union or federation.
e. Community Development Fund. Shall not be less than Three percent

(3%) of the net surplus and shall be used for projects and activities that
will benefit the community where the cooperative operates.
f. Optional Fund. Shall not exceed Seven percent (7%) shall be set aside
for Optional Fund for land and building, and any other necessary fund.
Section 2. Interest on Share Capital and Patronage Refund. The

remaining net surplus shall be made available to the members in the form of
interest on share capital not to exceed the normal rate of return on investment
Page 36 of 21
Revised March2012
and patronage refunds. Provided, that any amount remaining after the
allowable interest and the patronage refund have been deducted shall be
credited to the reserved to the reserve fund. The sum allocated for patronage
refund shall be made available at the same rate to all patrons of the
cooperative in proportion to their individual patronage, provided that:
a. In the case of a member patron with paid-up share capital contribution,

his/her proportionate amount of patronage refund shall be paid to
him/her unless he/she agrees to credit the amount to his/her account
as additional share capital contribution;
b. In the case of member patron with unpaid share capital contribution,
his/her proportionate amount of patronage refund shall be credited to
his/her account until the share capital has been fully paid;
c. In the case of non-member patron, his/her proportionate amount of
patronage refunds shall be set aside in a general fund for such patron
and shall be allocated to individual non-member patron and only upon
request and presentation of evidence of the amount of his/her patronage.
The amount so allocated shall be credited to such patron toward
payment of the minimum capital contribution for membership. When a
sum equal to this amount has accumulated at any time within two (2 )
years, such patron shall be deemed and become a member of the
cooperative if he/she so agrees or requests and complies with the
provisions of the bylaws for admission to membership; and
d. If within the period specified hereof, any subscriber who has not fully
paid his/her subscribed share capital or any non-member patron who
has accumulated, the sum necessary for membership, but who does not
request nor agree to become a member or fails to comply with the
provisions of this bylaws for admission to membership, the amount so
accumulated or credited to their account together with any part of the
general fund for non-member patron shall be credited to the Reserve
Fund or to the Education And Training Fund of the cooperative, at the
option of the cooperative.
ARTICLE X
Settlement of Disputes
Section 1. Mediation and Conciliation. All inter and intra-cooperative

disputes shall be settled within the cooperative in accordance with the
pertinent Guidelines issued by the Cooperative Development Authority, Art.
137 0f Republic Act No. 9520 and its Implementing Rules and Regulations,
Alternative Dispute Resolution Act of 2004 and its suppletory laws.
Section 2. Voluntary Arbitration. Any dispute, controversy or claim

arising out of or relating to this By-laws, the cooperative law and related rules,
administrative guidelines of the Cooperative Development Authority, including
disputes involving members, officers, directors, and committee members, intra-
cooperative disputes and related issues, and any question regarding the
existence, interpretation, validity, breach or termination of agreements, or the
membership/general assembly 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 of the
cooperative, and in such other applicable laws.
Article XI
Miscellaneous
Page 37 of 21
Revised March2012
Section 1. Investment of Capital. The Cooperative may invest its

capital in any or all of the following:
a. Shares or debentures or securities of any other cooperative;

b. Any reputable bank in the locality or any cooperative and cooperative
banks;
c. Securities issued or guaranteed by Government;
d. Real Estate primarily for the use of the Cooperative or its members; or
e. In any other manner approved by the general assembly.
Section 2. Accounting System. The Cooperative shall keep, maintain

and preserve all its books of accounts and other financial records in
accordance with generally accepted accounting principles and practices,
applied consistently from year to year, and subject to existing laws, rules and
regulations.
Section 3. Financial Audit, Performance Audit, and Social Audit. At

least once a year, the Board of Directors shall cause, in consultation with the
Audit Committee, the audit of the books of accounts of the Cooperative,
performance audit and social audit by CDA Accredited Independent Certified
Public Accountant, Accredited Social Auditor, and Cooperative Compliance
Officer/Audit Committee.
Section 4. Annual Report. During the annual regular assembly

meeting, the Cooperative shall submit a report of its operation to the general
assembly together with the audited financial statements, performance audit
and social audit reports. The annual report shall be certified by the
Chairperson and Manager of the Cooperative as true and correct in all aspects
to the best of their knowledge. The audited financial statements and social
audit reports shall be certified by CDA Accredited Independent Auditors.
The cooperative shall submit the following reports to the Authority within
(120) days from the end of every calendar year:
a. Cooperative Annual Performance Report (CAPR);

b. Social Audit Report;
c. Performance Report;
d. Audited Financial Statement duly stamped “Received” by BIR;
e. List of officers and trainings undertaken/completed.
ARTICLE XII
Amendments
Section 1. Amendment of Articles of Cooperation and By-laws.

Amendments to the Articles of Cooperation and this By-Laws may be adopted
by at least two-thirds (2/3) votes of all members with voting rights without
prejudice to the rights of dissenting members to withdraw their membership
under the provisions of the Philippine Cooperative Code of 2008.
The amendment/s shall take effect upon approval by the Cooperative

Development Authority.
Voted and adopted this _____ day of _______, 2021 in Roxas, Palawan,
Philippines.
Page 38 of 21
Revised March2012
Names Signature
1. Abraham M. Ulzoron -Signed-
2. Abundio F. Baquiao -Signed-
3. Albina R. Ponce De Leon -Signed-
4. Albino B. Saban -Signed-
5. Alex E. Billones -Signed-
6. Alicia . Sagun -Signed-
7. Alonzo M. Garcellano -Signed-
8. Amerigo D. Martinez -Signed-
9. Ananias Penafiel, Jr. -Signed-
10. Aniceto B. Bundac -Signed-
11. Annelyn A. Parangue -Signed-
12. Antonieta S. Dangan -Signed-
13. Apolinario M. Dangan -Signed-
14. Armando J. Palatino -Signed-
15. Artisa A. Barcelon -Signed-
16. Beda B. Omapas -Signed-
17. Bes G. Rodriguez -Signed-
18. Betty C. Mampay -Signed-
19. Carla mae C. Villorente -Signed-
20. Cerilina I. Mejia -Signed-
21. Charita H. Gaite -Signed-
22. Clarivel A. Porras -Signed-
23. Concepcion E. Babylonia -Signed-
24. Corazon G. Bose -Signed-
25. Cosme N. Namuco -Signed-
26. Crispin L. Saldana -Signed-
27. Cristina S. Angelada -Signed-
28. Daniel M. Garcellano -Signed-
29. Delia M. Garcellano -Signed-
30. Delia S. Bollon -Signed-
31. Diosdado M. Sabroso -Signed-
32. Doris P. Pacaldo -Signed-
32. Doroteo M. Piansay -Signed-
34. Edgar M. Padul -Signed-
35. Edgardo A. Padul -Signed-
36. Editha Z. Bacaltos -Signed-
37. Eduardo A. Canilla -Signed-
38. Eleuterio B. Bungalso -Signed-
39. Elizalde Cayao -Signed-
40. Elmer A. Villar -Signed-
41. Elmer M. Sotta -Signed-
42. Elna E. Dagunan -Signed-
43. Elpidio D. Batul Jr. -Signed-
44. Elsa B. Pedrez -Signed-
45. Elsa C. Gacot -Signed-
46. Elvira A. Manga -Signed-
47. Emelia S. Sebido -Signed-
48. Emily C. Benjamin -Signed-
49. Emy C. Fresnillo -Signed-
50. Erlina T. Amos -Signed-
51. Erlinda D. Panganiban -Signed-
52. Esther F. Conde -Signed-
Page 39 of 21
Revised March2012
53. Evelyn L. Bundac -Signed-

54. Fe B. Ayco -Signed-
55. Flordeliza B. Benjamin -Signed-
56. Franco R. Salonga -Signed-
57. Freddie D. Aguilar -Signed-
58. Gil A. Valledor -Signed-
59. Gilda C. Austria -Signed-
60. Henry Dan M. Arzaga -Signed-
61. Imelda C. Austria -Signed-
62. Imelda S. Madeja -Signed-
63. Irene Raya -Signed-
64. James J. Fabrigas -Signed-
65. Jay S. Llavan -Signed-
66. Jessie C. Bungay -Signed-
67. Jimmy C Mianon -Signed-
68. Joaquina L. Atilano -Signed-
69. Joegary A. Geolingo -Signed-
70. Joey A. Geolingo -Signed-
71. Joey F. Gabo -Signed-
72. Jonalyn R. Factor -Signed-
73. Jose Gavino O. Florese -Signed-
74. Joselito A. Alvarez -Signed-
75. Josephine G. Mayo -Signed-
76. Juan C. Aguillon -Signed-
77. Judith F. Bejo -Signed-
78. Julie B. Gapulao -Signed-
79. Juliet A. Barcelona -Signed-
80. Julieta B. Roa -Signed-
81. Julieta G. Panganiban -Signed-
82. Juvinal R. Libiran -Signed-
83. Leo C. Salvino -Signed-
84. Leonila C. Pidor -Signed-
85. Leonilo G. Bosas -Signed-
86. Leonora S Valenzuela -Signed-
87. Liezl M. Sargento -Signed-
88. Llorente Romedelia -Signed-
89. Lilia B. Gumabras -Signed-
90. Lucita L. Cayapas -Signed-
91. Ma. Bega Louella G. Fernandez -Signed-
92. Maria Ana S. Larrosa -Signed-
93. Maribel E. Dekos Reyes -Signed-
94. Maricris P. Cacananta -Signed-
95. Marilo T. Manlavi -Signed-
96. Marilou L. Gonzales -Signed-
97. Marilou R. Magallanes -Signed-
98. Mario Bernard T. Bollon -Signed-
99. Mario Maruel B. Bonbon -Signed-
100. Marivic A. Villafuerte -Signed-
101. Marivic S. Abaca -Signed-
101. Mark B. Tibancaya -Signed-
102. Mary Ann N. Mendoza -Signed-
103. Mary Jane B. Villanoche -Signed-
104. Maybelene O. Talanquines -Signed-
105. Medardo S. Ulson -Signed-
Page 40 of 21
Revised March2012
106. Melvin Y. Yara -Signed-

107. Merlinda B. Eyana -Signed-
108. Merlita M. De Ramos -Signed-
109. Minerva M. Parangue -Signed-
110. Nancita A. De Asis -Signed-
111. Nancy C. Miraflores -Signed-
112. Nestor G. Conde Sr. -Signed-
113. Nherla N. Bacaltos -Signed-
114. Nilda G. Sabroso -Signed-
115. Nimrod B. Abrina -Signed-
116. Ninfa B. Hesita -Signed-
117. Ninfa G. Dramayo -Signed-
118. Nonita E. De Pablo -Signed-
119. Norberto D. Nicor -Signed-
120. Pablo M. Aborot -Signed-
121. Perla C. Bungay -Signed-
122. Phebe M. Gatchalian -Signed-
123. Rachel M. Delgado -Signed-
124. Rafael S. Gabayan -Signed-
125. Ramon G. Manapat -Signed-
126. Ramon S. Javier -Signed-
127. Raquel S. Vicera -Signed-
128. Rebecca H. Mayo -Signed-
129. Rebecca L. Paz -Signed-
130. Rebecca M. Fabiano -Signed-
131. Rechel C. Feraris -Signed-
132. Regina P. Adion -Signed-
133. Regino C. Evio -Signed-
134. Reynaldo C. Morales -Signed-
135. Ricky Rollan C. Valdez -Signed-
136. Roberto M. Malabayabas -Signed-
137. Roselyn R. Bien -Signed-
138. Rodrigo F. Bernardo -Signed-
139. Roena D. Carandang -Signed-
140. Rogelio c. Magbanua -Signed-
141. Rolando L. Ulzoron -Signed-
142. Roger P. Abutatil -Signed-
143. Ronald Dela Cruz -Signed-
144. Ronelio S. Larrosa -Signed-
145. Ronita B. Heredero -Signed-
146. Rosalia A. Tan -Signed-
147. Rosalie V. Macatangay -Signed-
148. Rosemarie B. Magdayao -Signed-
149. Rosemarie M. Paguia -Signed-
150. Rosie U. Mampay -Signed-
151. Ruben B. Favila -Signed-
152. Rufino G. Gonzales, Jr -Signed-
153 Segundo M. Favila -Signed-
154. Sharen S. Bungalso -Signed-
155. Shiela Marie S. Fajardo -Signed-
156. Socorro V. Gula -Signed-
157. Sylvia L. Del Rosario -Signed-
158. Teodoro V. Cayetano -Signed-
159. Teresita G. Villamero -Signed-
Page 41 of 21
Revised March2012
160. Teresita M. Panes -Signed-

161. Tessie C. Quilang -Signed-
162. Toamsito P. Palatino -Signed-
163. Vicente M. Ventilacion -Signed-
164. Victor B. Bundal -Signed-
165. Victoria G. Morales -Signed-
166. Visitacion Venturillo -Signed-
167. Wilfredo B. Valdez -Signed-
168. William B. Pedrez -Signed-
169. Zenaida A. Cabildo -Signed-
We, constituting the majority of the Board of Directors of the Roxas

Palawan Municipal Employees and Community Multi-Purpose Cooperative
do hereby certify that the foregoing instrument is the Code of By- laws of this
Cooperative.
Signed this ______ day of ______________ 2021 in, Roxas, Palawan.
CERELINA I. MEJIA HENRY DAN M. ARZAGA

Vice-Chairperson Member
DORIS P. PACALDO RONELIO S. LARROSA

Member Member
MARILOU L. GONZALES TESSIE C. QUILANG

Member Member
EDGAR M. PADUL
Chairperson
Page 42 of 21

RPGMPC Articles of Cooperation and by Laws

Uploaded by

Document Information

Original Description:

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

RPGMPC Articles of Cooperation and by Laws

Uploaded by

Copyright:

Available Formats

Revised March2012

ROXAS PALAWAN MUNICIPAL EMPLOYEES AND COMMUNITY

KNOW ALL MEN BY THESE PRESENTS:

AND WE HEREBY CERTIFY:

That the name of this Cooperative shall be Roxas Palawan Municipal

3. To provide goods and services and other requirements of the members;

4. To undertake agricultural, fisheries and/or industrial production purposes;

5. To engage in the supply of production inputs to members / non-members

6. To engage in Credit, Consumer Store, Rice Trading, Canteen/Catering,

8. To do any related activity for the members’ self-government, improve social

9. To work with the cooperative movement, non-government and government

In the furtherance of and not in limitation of the general powers

a. To draw, make, accept, endorse, guarantee, execute and issue

b. To issue bonds, debentures and other obligations of the cooperative, to

c. To acquire facilities, either by or through construction, purchase,

The primary objectives of this cooperative is to help improve the quality

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

1. To the exclusive use of its registered name; To sue and be sued;

3. To amend its articles of cooperation in accordance with the provisions

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

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

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

7. To form subsidiary cooperatives and join federations or unions, as

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

9. To avail preferential rights granted to cooperatives under RA 7160,

10. To exercise such other powers granted under RA 9520 or necessary

NAME POSTAL ADDRESS

54. Fe B. Ayco Bgy. Magara, Roxas, Palawan

116. Ninfa G. Dramayo Bgy. 3, Roxas, Palawan

That the common bond of membership of this Cooperative is Residential

* Spouse of the regular member

* Son/daughter of the regular member

* Parent/s of the regular member

* Siblings of the regular member

*Temporary, co-terminous, contractual and contract of service LGU employees.

* All business owners.

NO. NAME POSTAL ADDRESS

That the Authorized Share Capital of this Cooperative is FORTY FOUR

a.) Thirty Three Million Three Hundred Thousand Pesos

b.) Eleven Million one Hundred Thousand Pesos (Php 11,1000,000.00)

That of the authorized share capital, the amount of TWENTY ONE

NAME NO. OF AMOUNT OF NO. OF AMOUNT OF PAID-

1. Abaca, Marivic S. 1,544 154,400.00 386 38,600.00

25. Batul, Elpidio D. Jr. 1,100 110,000.00 275 27,500.00

87. Heredero, Ronita B. 1,032 103,200.00 258 25,800.00

149. Sotta, Elmer M. 1,044 104,400.00 261 26,100.00

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

Delia M. Garcellano has been appointed as Treasurer of this Cooperative

IN WITNESS WHEREOF, we have hereunto signed our names this

NAME AND SIGNATURE OF COOPERATORS

NAME OF COOPERATORS SIGNATURE

2. Abundio F. Baquiao -Signed-

64. Jay S. Llavan -Signed-

126. Raquel S. Vicera -Signed-

SIGNED IN THE PRESENCE OF:

EFREN V. DIAMANTE LUZBELINDA F. RODRIGUEZ

Republic of the Philippines)

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

NAME OF COOPERATORS PROOF OF DATE ISSUED PLACE OF ISSUANCE

1. Abraham M. Ulzoron 20976122 Jan. 15, 2008 Roxas, Palawan

53. Evelyn L. Bundac 21011155 Jan. 22, 2008 Roxas, Palawan

115. Ninfa B. Hesita 21011161 Jan. 22, 2008 Roxas, Palawan