Professional Documents
Culture Documents
of
Monato Institute of Technology Inc. Credit Cooperative
We, the undersigned Filipino citizens, of legal age and residents of the
Philippines, with a firm collective intent, have come together to organize
voluntarily an Credit Cooperative to advance what we believe is our inherent
right, under the laws of the Republic of the Philippines.
Article I
Name of the Cooperative
That the name of this Cooperative shall be Monato Institute of Technology Inc.
Credit Cooperative.
Article II
Purposes
That the purposes for which this Cooperative is organized are to engage
in:
1|Pa ge M o n a t o I n s ti t u t e o f t e c h n o l o g y I n c . C r e d i t C o o p e r a ti v e
A r ti c l e s o f C o o p e r a ti o n
2|Pa ge M o n a t o I n s ti t u t e o f t e c h n o l o g y I n c . C r e d i t C o o p e r a ti v e
A r ti c l e s o f C o o p e r a ti o n
Article III
Goals
That the goals of this Cooperative are to help improve the quality of life of its
members and thereby contribute to inclusive growth, enterprise development
and employment. In furtherance thereto, it shall aim:
10. To adopt such other plans as may help foster the welfare of the
members, their families and the community;
3|Pa ge M o n a t o I n s ti t u t e o f t e c h n o l o g y I n c . C r e d i t C o o p e r a ti v e
A r ti c l e s o f C o o p e r a ti o n
14. To be the voice and the institution of the poor and the excluded in
resisting the growth-centered development aggression and instead
promote people-centered development.
Article IV
Powers and Capacities
That the powers, rights and capacities of this Cooperative are those
prescribed under Article 9 of Republic Act 9520.
3. Of succession;
Article VIII
Article VI Name and
Common Bond and Field of Membership Address of
Cooperators
That the common bond of
membership of this That
Cooperative is the name
___________________and the field of and
membership shall complete
be open to all postal
___________________ who are natural persons, address of
Filipino citizens, of legal age, with the the
capacity to contract and possess all the cooperators
qualifications and none of the are as
disqualifications provided for in the By-laws follows:
and this Articles of Cooperation.
Article VII
Area of Operation
Name Postal Address
1. Monato, Feliciana B. Poblacion, Prosperidad, Agusan del Sur
2. Mondragon, James J. P-15 Purok 14, Poblacion, Prosperidad, Agusan del Sur
3. Montefalcon, Marilou A. Las Navas Poblacion, Prosperidad, Agusan del Sur
4. Salalima, Richard T. P-16 Poblacion, Prosperidad, Agusan del Sur
5. Sanchez, Eugene J. Bayobo, Salvacion, Prosperidad, Agusan del Sur
6. Timonel, Jason R. Sta. Maria, Prosperidad, Agusan del Sur
7. Curato Saturnino D. Purok 13, Poblacion, Prosperidad, Agusan del Sur
8. Curato, Ma. Paz M. Purok 13, Poblacion, Prosperidad, Agusan del Sur
9. Monato, Marcelyn P. Purok 13, Poblacion, Prosperidad, Agusan del Sur
10. Monato, Emenio B. Purok 13, Poblacion, Prosperidad, Agusan del Sur
11. Monato, Huberto B. Purok 13, Poblacion, Prosperidad, Agusan del Sur
12. Monato, Marlon R. Purok 13, Poblacion, Prosperidad, Agusan del Sur
13. Cabodbod, Renalyn Purok 13, Poblacion, Prosperidad, Agusan del Sur
14. Laurel, Carl Isaac Poblacion, Prosperidad, Agusan del Sur
15. Bagacay, Jerson Sta. Irene, Prosperidad, Agusan del Sur
Article IX
Board of Directors
That the number of Directors of this Cooperative shall be Five (5) and shall
serve until their successors shall have been elected and qualified within ___
days from the date of registration as provided in the By-laws.
Name
1. Curato, Ma. Paz M
2. Curato Saturnino
3. Monato, Marceliano Jr.
4. Laurel, Rebecca A.
5. Da-ano, Samuil
Article X
Capitalization
That the Authorized Share Capital of this Cooperative is One Million PESOS
(Php 1,000,000), divided into:
a. One million (1,000,000) common shares with a par value of One Peso
(Php 1.00 ) per share; and
Article XI
Subscribed and Paid-up Share Capital
A. Common Share
Amount
No. of Amount of No. of of Paid-
Subscribe Subscribe Paid-up up
Names d Shares d Shares Shares Shares
Article XII
Arbitral Clause
BE IT KNOWN THAT:
__________________________ ___________________________
Signature Over Printed Name Signature Over Printed Name
ACKNOWLEDGMENT
Republic of the Philippines)
Province of Agusan del Sur )
Place of
Name of Cooperators Proof of Date issued Issuance
Identity (IN
ACCORDANC
E WITH
NOTARIAL
LAW)
Ayuban, Michael Ryan H.
Bentoso, Melissa O.
Betito, Princess Carmela M.
Bonsubre, Louie Jay T.
Da-ano, Samuil L.
Gavino, Kenneth Paul S.
Lacay, Amado G.
Laurel, Rebecca A.
Luca, Jennifer F.
Monato Marceliano III P.
Monato, Marceliano Jr. B.
Monato Silvestra P.
Monato, Feliciana B.
Mondragon, James J.
Montefalcon, Marilou A.
Salalima, Richard T.
Timonel, Jason R.
Curato Saturnino D.
Curato, Ma. Paz M.
Monato, Marcelyn P.
Monato, Emenio B.
Monato, Huberto B.
Monato, Marlon R.
Cabodbod, Renalyn
Laurel, Carl Isaac
Bagacay, Jerson