Articles of Cooperation

Topics: Cooperative, Stock, Cooperatives Pages: 4 (846 words) Published: January 5, 2013
Business Management Multi-purpose Cooperative
_________________________________________________________________ KNOW ALL MEN BY THESE PRESENTS:
We, the undersigned Filipino citizens, all of legal age and residents of the Philippines, have on this day voluntarily agreed to form a primary multi-purpose Cooperative, under the laws of the Republic of the Philippines. AND WE HEREBY CERTIFY:

ARTICLE I: Name of the Cooperative
That the name of this Cooperative shall be Business Management Multi-purpose Cooperative ARTICLE II: Objectives
That the objectives for which this Cooperative is formed are:

To actively support the government and other concerned organizations, both local and foreign, in promotingcooperatives as a practical means towards sustainable socio-economic development under a truly just and democratic society;2.

To develop the knowledge of the members on the principles and practices of cooperatives to enable them to activelyand competently participate in managing the affairs of the Cooperative;3.
To institutionalize a dynamic savings mobilization and capital build-up schemes to sustain its development activitiesand long-term investments, thereby ensuring optimum economic benefits to the members, their families and the general public;4.

To implement policy guidelines that will ensure transparency, equitable access to its resources and services, and promote the interests of the members; and5.
To adopt such other plans as may help foster the welfare of the members, their families and the community. ARTICLE IIIPowers and Capacities
In the furtherance of and not in limitation to the powers and capacities conferred by Republic Act No. 6938, this Cooperative shallhave the following juridical powers and capacities:1.
To draw, make, accept, endorse, guarantee, execute and issue promissory notes, bills of exchange, debentures, bonds, drafts, warrants, certificates and all other kinds of obligations and...
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