Professional Documents
Culture Documents
OF
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1. To actively support the government and other concerned organizations, both local and
foreign, in promoting cooperatives as a practical means towards sustainable socioeconomic 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 actively and 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 activities and 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 interest of their members; and
5. To adopt such other plans as may help the welfare of the members, their families and
the community.
ARTICLE III
POWERS AND CAPACITIES
In the furtherance of and not in limitation to the powers and capacities conferred by Republic Act
No. 6938, this Cooperative shall have 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 instruments in connection with its lawful business operations;
2. To contract indebtedness and/or enter into joint ventures with local or foreign entities in
order to achieve its goals and economic plans and programs;
3. 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 its lawful
affairs may reasonably and necessarily require, subject to the limitations prescribed by
law and the Constitution of the Philippines;
4. To exercise such other powers as may be essential and necessary to carry out its
objectives in accordance with law.
ARTICLE IV
AREA OF OPERATION
That this Cooperative shall operate within and its principal office shall be located at City
Agriculturist Office, IBJT-North, Hinaplanon, Iligan City.
ARTICLE V
TERM OF EXISTENCE
That 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
COMMON BOND OF MEMBERSHIP
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That the common bond of membership of this Cooperative is Associational and shall be open to
all natural persons who are Filipino citizens, of legal age, with the capacity to contract, possess all
the qualifications, and none of the disqualification, provided for in the By-Laws.
ARTICLE VII
NAME, NATIONALITY AND ADDRESS OF COOPERATORS
NAME
1. Pio Reyno D. Gerona
2. Erlinda N. Halibas
3. Marivic A. Mabayo
4. Rosabella J. Mendoza
5. Remedios A. Uy
6. Walter O. Lituan
7. Conrado L. Arejola
8. Salem Arellano
9. Victoire I. Rovira
10. Mario Maghinay
11. Teresa D. Sicad
12. Cornelio L. Dagaas, Sr.
13. Hanri Tinggas
14. Herlando Gutierrez
15. Leonor P. Laude
16. Juliana A. Opiniano
17. Alexander E. Branzuela
18. Marie Grace N. Halibas
19. Jovito Branzuela
20. Richie N. Lozano
NATIONALITY
Filipino
Filipino
Filipino
Filipino
Filipino
Filipino
Filipino
Filipino
Filipino
Filipino
Filipino
Filipino
Filipino
Filipino
Filipino
Filipino
Filipino
Filipino
Filipino
Filipino
ADDRESS
Gerona, Hinaplanon, Iligan City
Sta. Filomena, Iligan City
Del Carmen, Iligan City
Kiwalan, Iligan City
Olas, Tipanoy, Iligan City
Pala-o, Iligan City
Lumbatin, Iligan City
Pugaan, Iligan City
Kiwalan, Iligan City
Digkilaan, Iligan City
Pugaan, Iligan City
Tambo, Hinaplanon, Iligan City
Bunawan, Iligan City
Bunawan, Iligan City
Kiwalan, Iligan City
Del Carmen, Iligan City
Sta. Filomena, Iligan City
Sta. Filomena, Iligan City
Hinaplanon, Iligan City
Hinaplanon, Iligan City
ARTICLE VIII
BOARD OF DIRECTORS
That the number of directors of this Cooperative shall be FIVE (5) and the names, citizenship, and
residence of the founding directors who are to serve until their successors shall have been elected
and qualified as provided in the By-Laws are:
NAME
1.
2.
3.
4.
5.
CITIZENSHI
P
Filipino
Filipino
Filipino
Filipino
Filipino
ADDRESS
Gerona, Hinaplanon, Iligan City
Sta. Filomena, Iligan City
Pugaan, Iligan City
Pala-o, Iligan City
Lumbatin, Pugaan, Iligan City
ARTICLE IX
CAPITALIZATION
That the authorized Share Capital of this Cooperative is Two Hundred Fifty Six Thousand Pesos
(P256,000.00) and said capital is divided into Two Thousand Five Hundred Sixty (2,560) shares
with a par value of One Hundred Pesos (P100.00) each.
ARTICLE X
ARTICLES OF COOPERATION and By-Laws Iligan Agri-Rainbow Producers Cooperative
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Name
a)
b)
c)
d)
e)
f)
g)
h)
i)
j)
k)
l)
m)
n)
o)
p)
q)
r)
s)
t)
Amount of
Subscribed
Capital
Number of
Shares
Subscribe
d
Amount
Shares
Paid
Number
of Shares
Paid
Membership
Fee
P3,200.00
P3,200.00
P3,200.00
P3,200.00
P3,200.00
P3,200.00
P3,200.00
P3,200.00
P3,200.00
P3,200.00
P3,200.00
P3,200.00
P3,200.00
P3,200.00
P3,200.00
P3,200.00
P3,200.00
P3,200.00
P3,200.00
P3,200.00
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
P800.00
P800.00
P800.00
P800.00
P800.00
P800.00
P800.00
P800.00
P800.00
P800.00
P800.00
P800.00
P800.00
P800.00
P800.00
P800.00
P800.00
P800.00
P800.00
P800.00
8
8
8
8
8
8
8
8
8
8
8
8
8
8
8
8
8
8
8
8
P200.00
P200.00
P200.00
P200.00
P200.00
P200.00
P200.00
P200.00
P200.00
P200.00
P200.00
P200.00
P200.00
P200.00
P200.00
P200.00
P200.00
P200.00
P200.00
P200.00
ARTICLE XI
TREASURER
That ROSABELLA MENDOZA has been elected as Treasurer of this Cooperative to act as such
until his/her successor shall have been duly elected/appointed and qualified in accordance with the
By-Laws. As such, he/she has been authorized to receive payments and issue receipts for
membership fees, share capital, subscriptions and other revenues for and in the name of this
Cooperative.
WE, the undersigned cooperators of the Cooperative hereby declare under the penalties of
perjury that this form has been accomplished in good faith, verified by us and to the best of our
knowledge and belief is true. That any misrepresentation made thereon, upon verification shall
be ground for automatic revocation of the Certificate of Registration issued in connection
therewith.
IN WITNESS WHEREOF, we have hereunto signed our names on this 26th day of January,
2009 in Iligan City, Philippines.
SIGNATURE
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Rogelio A. Englatiera
Division Chief
ENDEV, CDLO
Signature over Printed Name
Lilibeth Y. Razo
Acting Division Chief
TRADE, CDLO
Signature over Printed Name
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BY-LAWS OF THE
ILIGAN AGRI-RAINBOW PRODUCERS COOPERATIVE
ARTICLE I
OBJECTIVES
Section 1. Objectives. The objectives and purposes of this Cooperative are those
set forth in its Articles of Cooperation.
ARTICLE II
MEMBERSHIP
Section 2. Membership. This Cooperative shall have regular members only. A
Regular member is one who is entitled to all rights and privileges of membership as
provided in this By-Laws.
Section 3. Qualifications for Membership. The membership of this Cooperative
is open to any natural person, Filipino citizen, of legal age, with capacity to contract,
working and/or residing in the area of operation as stated in the Articles of
Cooperation, and has the following qualifications:
a) Completed the prescribed pre-membership education training;
b) Undertook to uphold the By-Laws, policies, guidelines, rules and regulations
promulgated by the Board of Directors and the General Assembly;
c) Paid the prescribed membership fee of P200.00.
Section 4. Application for Membership. An applicant for membership shall file a
duly accomplished form with the Board of Directors who shall accept or deny it in
accordance with the prescribed guidelines.
Section 5. Share Capital Subscription. An applicant whose membership has
been approved shall subscribe at least Thirty Two (32) shares and pay the value of at
least 8.00 shares.
Section 6. Appeal. All 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.
Section 7. Duties and Responsibilities of a Member. Every member shall have
the following duties:
a) Pay the installment of his share capital subscription as it falls due and to
participate in the capital build-up and mobilization activities of the
Cooperative;
ARTICLES OF COOPERATION and By-Laws Iligan Agri-Rainbow Producers Cooperative
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a) Paid the membership fee and the value of at least eight (8) shares;
b) Not delinquent in the payment of his share capital subscriptions and other
accounts or obligations;
c) Not violated any provision of 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 basic orientation training program prescribed by the Board
of Directors; and
e) Participates in the affairs of the Cooperative and patronizes its businesses.
Section 9. Rights of a Regular Member 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 position, subject to the provisions of this
By-Laws and the Cooperative Code of the Philippines;
c) Avail himself of the services of the Cooperative, subject to certain
conditions as may be prescribed by the Board of Directors;
d) Inspect and examine the books of accounts, the minutes, the share
register, and other records of the Cooperative during office hours; and
e) Such other rights and privileges as may be provided by the General
Assembly.
Section 10. Liability of Members. A member shall be liable for the debts of the
Cooperative only to the extent of his subscribed share capital.
Section 11. Suspension of Membership. A member who is delinquent in the
payment of his share subscription and for other causes detrimental to the interest of
the cooperative may be suspended in accordance with the guidelines on suspension
of members prescribed by the Board of Directors duly approved by the General
Assembly.
Section 12. Termination of Membership. Termination of membership may be
automatic, voluntary or involuntary. It shall have the effect of extinguishing all
rights of a members in the Cooperative subject to the provisions of Section 13 of this
By-Laws as may be provided by the General Assembly.
Any member whose membership in the cooperative was terminated shall be entitled
to a refund of his share capital pursuant to Article 31 of the Cooperative Code.
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Section 31. Powers and Duties of the Board. The Board of Directors shall direct
and supervise the business, manage the property of the Cooperative and may, by
resolution, exercise all such powers of the Cooperative as are not reserved for the
general assembly under this By-Laws and the Cooperative Code of the Philippines.
ARTICLE V
COMMITTEES
Section 32. Audit, Election, Credit, Conciliation and Education Committees.
An Audit, Election, Credit and Conciliation Committees are hereby created and shall
be composed of three (3) members each to be elected during a general assembly
meeting and shall hold office for a term of two (2) years or until their successors
shall have been elected and qualified. Within ten (10) days after their election, they
shall elect from among themselves a Chairman. Except the Education Committee, no
member of the committees shall hold any other position within the Cooperative
during his term of office and no member of the committees shall be related to each
other up to third degree of consanguinity or affinity.
Each Committee shall promulgate rules and regulations that shall govern the conduct
of Committee affairs to be approved by the Board of Directors and ratified by the
General Assembly.
The Audit Committee shall provide internal audit service, maintain a complete
record of its examination and inventory, and submit an audited financial report
quarterly or whenever required by the Board and the General Assembly. As far as
practicable, members of the Audit Committee shall have a background in accounting
and/or bookkeeping.
The Election Committee shall be vested with the powers to pass upon the
qualifications of candidates, supervise the conduct of elections, canvass and certify in
writing the returns, proclaim the winning candidates, and hear and decide all election
protests. Election protests filed by or against the Election Committee member shall
be decided by the Board of Directors.
The decision of the Election Committee is appealable to the Board of Directors within
15 days from receipt thereof and shall decide the case within thirty (30) days after
receipt to the records of the case. The decision of the Board can be elevated to the
Cooperative Development Authority within 15 days from receipt of said decision for
mediation/conciliation proceeding.
The Credit Committee 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 applicant is a
member of the committee, in which case, the application shall be acted upon by the
Board of Directors; and exercise general supervision, including collection over all
loans to members.
The Conciliation Committee shall have the following powers and functions: to
conciliate, hear and decide all intra-cooperative disputes between and/or among
members, officers, directors and the community; subject to the approval of the
general assembly, to issue supplemental rules and procedures concerning conciliation
processes as may be deemed necessary; and to exercise such other powers as may
be necessary to ensure speedy, just, equitable and inexpensive settlement of
disputes within the Cooperative.
The Education Committee is hereby created with the Vice-Chairman of the Board of
Directors as its Chairman and such number of members as the Board may deem
feasible.
It 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 communities within its area of operation.
ARTICLES OF COOPERATION and By-Laws Iligan Agri-Rainbow Producers Cooperative
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Section 33. Other Committees. The Board of Directors may form such other
committees as may be deemed necessary for the smooth operation of the
Cooperative.
ARTICLE VI
OFFICERS OF THE COOPERATIVE
Section 34. Officers and their Duties. The cooperative shall have a Chairman,
Vice-Chairman, Treasurer and a Secretary who shall serve according to the functions
of their respective officers as follows:
Chairman the Chairman shall:
a) Preside over all meetings of the cooperative and of the Board of Directors;
b) Sign all share certificates revolving fund certificates, contracts and other
instruments or papers essential to the operations of the Cooperative; and
c) Perform such other necessary functions, subject to the restrictions as may
be imposed by the Board of Directors or the general assembly.
Vice-Chairman The Vice-Chairman shall, in the absence or incapacity of the
Chairman, discharge the duties and responsibilities of the Chairman; provided,
however, that in case of death, resignation, removal or permanent incapacity of the
Chairman, the Board of Directors may elect a new Chairman. The Vice-Chairman of
the Board shall serve as ex-officio chairman of the Education and Training
Committee.
Treasurer The Treasurer shall:
a) Take custody of all monies, securities and papers acquired by the
cooperative, and maintain a complete records of all its functions;
b) Keep a complete record of its cash transactions for the establishment of
proof of his cash position at any given time and date;
c) Pay all financial obligations incurred by the Cooperative as approved by the
Manager and/or the Board of Directors;
d) Render report and certify the correctness of the cash position of the
Cooperative in all financial statements and other reports submitted to the
Board of Directors, the general assembly and the Cooperative Development
Authority;
e) Turn over to his successor all monies, securities, papers, books and other
properties belonging to the Cooperative in his possession upon the
expiration/termination of his term of office;
f) Act as Secretary in case of the latters absence or incapacity to perform his
duties; and
g) Perform such other duties as the Board of Directors may prescribe.
Secretary The Secretary shall:
a) Keep and maintain a complete registry of all members and records/minutes
of all meetings of the Board of Directors and the General Assembly;
b) Give notice of all meetings called;
c) Keep and maintain the Share and Transfer book and serve as the custodian
of the corporate seal of the cooperative;
d) Turn over to his successor all books, records and other properties belonging
to the cooperative in his possession upon the expiration/termination of his
term of office; and
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Section 41.
Section 42.
Section 43.
ARTICLE X
SETTLEMENT OF DISPUTES
Section 44. Conciliation Procedures. As far as practicable, all intra-cooperative
disputes shall be settled within the Cooperative. For this purpose, the Board of
Directors within fifteen (15) days from registration hereof with CDA shall prescribe
appropriate Rules of Conciliation Procedure for the proper and orderly disposition of
cooperative dispute.
ARTICLE X
MISCELLANEOUS
Section 45. Investment of Capital. The Cooperative may invest its capital in any
manner authorized by law upon approval by the general assembly.
Section 46. 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 rules and laws.
Section 47. External Audit. At least once a year, the Board of Directors shall in
consultation with the Audit Committee cause the audit of the books of accounts of
the Cooperative by an independent Certified Public Accountant.
Section 48. Annual Report. During the annual regular general assembly meeting,
the Cooperative shall submit a report of its operations to the general assembly
together with the audited financial statements. The annual report shall be certified
by the Chairman, Treasurer, Manager and other responsible officers of the
Cooperative as true and correct in all aspects to the best of their knowledge. The
audited financial statements shall be certified by an independent Certified Public
Accountant. Copy of the annual report and audited financial statements shall be
submitted to the Cooperative Development Authority within 60 days from the end of
every fiscal year.
ARTICLE XII
AMENDMENTS
Section 49. Amendments. Amendments to the Article of Cooperation and this Bylaws may be adopted by at least two-thirds (2/3) votes of all members entitled to
vote at any regular or special general assembly called for the purpose without
prejudice to the rights of the dissenting members to withdraw their membership
under the provisions of the Cooperative Code of the Philippines.
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CERTIFICATION
TO WHOM IT MAY CONCERN:
This is to certify that the ILIGAN AGRI-RAINBOW PRODUCERS COOPERATIVE
located at City Agriculture Office, IBJT-North, Hinaplanon, Iligan City, is using the
standard charts of accounts for provident, credit, and other types of Cooperative with
provident/credit services.
This is issued upon the request of the above-named cooperative for whatever
purposes it may serve best.
Issued this ____ day of March, 2013, at the City Agriculture Office, IBJT-North,
Hinaplanon, Iligan City.
Prepared by:
MARIVIC MABAYO
Secretary
Noted by:
WALTER O. LITUAN
Chairman
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