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Articles of Cooperation for Cooperatives
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   1 ARTICLES OF COOPERATION OF THEDE LA SALLE CREDIT COOPERATIVE, INC.(Amended as of February 15, 1997)ARTICLE IIOBJECTIVES AND PURPOSES 1.    To encourage thrift and savings mobilizationamong the members;3.    To provide related services to enable its membersto maximize the benefits from such loans;4.    To promote the cooperative as a way of life forimproving the social economic well-being undera truly just democratic society;5. To do any related activity for the member’s self government, improve social and/or economicwell-being under a truly just democratic society; Amendment No. 1ARTICLE IIOBJECTIVES AND PURPOSES 1.    To inculcate a culture of thrift and assistmembers to attain financial stability throughperiodic savings and financial discipline amongmembers;3. To promote the upliftment of the quality of lifeof its members through mutual andcooperative assistance;4. To ensure financial and organizational stabilitythrough good governance and prudentmanagement of financial, human and otherresources guided by the Lasallian values;5. To continually expand and improve services tomembers through the use of moderntechnology and availment of externalresources;6. To collect, invest and reinvest all monies andincome coming to it, while they are not loaned   2   ARTICE IVTERM OF EXISTENCE  That the term for which this cooperative shall exist isfifty (50) years after the Amendments  ARTICLE VIIICAPITALIZATION  That the authorized share capital of thecooperative is SIXTY MILLION PESOS (Php60,000,000)and said capital is divided into 600,000 shares with apar value of One Hundred Pesos (P100).out to members, and hold the same for the benefitof the Cooperative. Amendment No. 2ARTICE IVTERM OF EXISTENCE  That the term for which this cooperative shallexist is fifty (50) years. The fifty (50) years willcommence after the 16 th day of September 2013,the last day of its first fifty (50) years of existence. Amendment No. 3ARTICLE VIIICAPITALIZATION  That the authorized share capital of thecooperative is SIX HUNDRED MILLION PESOS(Php600,000,000) and said capital is divided into sixmillion (6,000,000) shares with a par value of OneHundred Pesos (P100).   3 BY-LAWS OF THE DE LA SALLE CREDIT COOPERATIVE (Amended as of February 15, 1997)KNOW ALL MEN BY THESE PRESENTS:We, the undersigned, citizens and residents of the Philippines, representing a majority of themembers of the DE LA SALLE CREDIT COOPERATIVE(DLSCC),   a primary credit cooperative hereinafterreferred to as Cooperative, do hereby adopt thecode of By-laws.ARTICLE IOBJECTIVES AND PURPOSESSection 1. Objectives and Purposes  – Theobjectives and purposes for which this Cooperativeis formed are:2.    To encourage thrift and savings mobilizationamong the members; Amendment No. 4ARTICLE IOBJECTIVES AND PURPOSESSection 1 1. To inculcate a culture of thrift and assistmembers to attain financial stability throughperiodic savings and financial discipline amongmembers;   4 5.    To provide related services to enable itsmembers to maximize the benefits fromsuch loans;6.    To promote the cooperative as a way of life for improving the social economic well-being under a truly just democratic society;5. To do any related activity for the member’sself government, improve social and/oreconomic well-being under a truly justdemocratic society;3.  To promote the upliftment of the quality of lifeof its members through mutual andcooperative assistance;4. To ensure financial and organizational stabilitythrough good governance and prudentmanagement of financial, human and otherresources guided by the Lasallian values;5.  To continually expand and improve services tomembers through the use of moderntechnology and availment of externalresources;6. To collect, invest and reinvest all monies andincome coming to it, while they are not loanedout to members, and hold the same for thebenefit of the Cooperative.
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