Articles of Cooperaton

Revised March2012
ARTICLES OF COOPERATION
Of
HI-TECH CONSUMERS 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 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 HI-TECH CONSUMERS COOPERATIVE
Article II
Type and Purpose(s)
That the type of this cooperative is Consumers and the purpose(s) for which this
Cooperative is organized is/are to engage in Supplying Parts and Accessories of
different Technology specially in Computer Gadgets.
Article III
Goals
That the goals 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.
Article IV
Powers 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;
2. To sue and be sued;
3. Of succession;
4. To amend its articles of cooperation in accordance with the provisions of
RA 9520;
5. To adopt by-laws not contrary to law, morals or public policy, and to and
repeal the same in accordance with RA 9520;
6. 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;
7. To enter into division, merger, or consolidation, as provided under RA
9520;
8. To form subsidiary cooperatives and join federations or unions, as
provided in this Code;
9. 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;
10. To avail preferential rights granted to cooperatives under RA 7160,
otherwise known as the Local Government Code, and other laws,
particularly those in the grant of franchises to establish, construct, operate
and maintain ferries, wharves, markets or slaughters houses and to lease
public utilities, including access to extension and on-site research services
and facilities related to agriculture and fishery activities; and
11. 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
That the term for which this Cooperative shall exist is Fifty Years (50) years
from the date of its registration with the Cooperative Development Authority.
Article VI
Common Bond and Field of Membership
That the common bond of membership of this Cooperative is Computer

Technology User and, shall be open to all natural persons who are all Filipino
citizen, of legal age, 18 to 65 years old 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.
Article VII
Area of Operation
That the membership of this Cooperative shall come from Barangay Bonifacio, San
Carlos City, Pangasinan Its principal office shall be located at 48 Bonifacio Street,
San Carlos City, Pangasinan.
Article VIII
Name and Address of Cooperators
That the name and complete postal address of the cooperators are as
follows:
Name Postal Address

Joseph M. De Guzman 126 Burgos Street, San Carlos City, Pangasinan
Florencio B. Bagaforo, Jr. 45 Mabini Street, San Carlos City, Pangasinan
Leonora M. De Guzman 126 Burgos Street, San Carlos City, Pangasinan
Zerafin R. Rosario Balococ, San Carlos City, Pangasinan
Jackielyn M. De Guzman Burgos Street, San Carlos City, Pangasinan
Jonalyn DG. Paragas Burgos Street, San Carlos City, Pangasinan
Lovely DV. Resultay Paitan, San Carlos City, Pangasinan
Josefina DV. Resultay Paitan, San Carlos City, Pangasinan
Jenny A. De Guzman Bonifacio, San Carlos City, Pangasinan
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 bylaws and in such other pertinent laws.
BE IT KNOWN THAT:
Lovely DV. Resultay has been elected as Treasurer of this Cooperative to act
as such until her/his successor shall have been duly appointed and qualified in
accordance with the by-laws. As such Treasurer, he/she is authorized to receive
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 affixed our signatures opposite

our names this _______day of ____________ in ____________ Philippines.
Name of Cooperators Signature

Joseph M. De Guzman
Florencio B. Bagaforo, Jr.
Leonora M. De Guzman
Zerafin R. Rosario
Jackielyn M. De Guzman
Jonalyn DG. Paragas
Lovely DV. Resultay
Josefina DV. Resultay
Jenny A. De Guzman
Alfredo De Guzman
Mary Jane Salinas
SIGNED IN THE PRESENCE OF:
Signature Over Printed Name Signature Over Printed Name

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Revised March2012

HI-TECH CONSUMERS COOPERATIVE

KNOW ALL MEN BY THESE PRESENTS:

AND WE HEREBY CERTIFY:

That the name of this Cooperative shall be HI-TECH CONSUMERS COOPERATIVE

That the common bond of membership of this Cooperative is Computer

Name Postal Address

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

IN WITNESS WHEREOF, we have hereunto affixed our signatures opposite

Name of Cooperators Signature

SIGNED IN THE PRESENCE OF:

Signature Over Printed Name Signature Over Printed Name

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