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That
the objectives and purposes for which this Cooperative is formed
are:
1.
To develop, manage, own, lease, and/or operate an
agricultural trading establishment; which in general shall include
procurement and transporting of agricultural, aquacultural, and
livestock supplies to be sold primarily to the cooperative members
and secondarily to the public; and buying, transporting, processing, wholesaling and retailing
livestock, agricultural, and aquacultural produce of cooperative
members;
2.
To encourage savings and investments among its members for
increasing capital formation;
3.
To provide quality goods and services as needed and agreed
upon by the greater majority of its members;
4.
To foster entrepreneurship and cooperation among its
members towards constinuous socio-economic development and
interdependence;
5.
To promote the Cooperative as a way of life for improving
the social and economic well-being of the people;
6.
To engage in any related activities for its members'
continuous learning, empowerment, development, and
self-actualization;
7.
To work with the cooperative movement, government, and
non-government organizations/entities in the promotion and
development of cooperatives, and in carrying out government
policies; and
8.
To undertake other activities for the effective and
efficient implementation of the provisions of the Cooperative
code.
In
the furtherance of and not in limitation of the general powers
conferred by laws of the Philippines and the objectives and
purposes set forth, this Cooperative shall have the following
powers:
1.
To draw, make, accept, endorse, guarantee, execute, and
issue promissory notes, mortgages, bills of exchange, drafts,
warrants, certificates, and all kinds of obligations and
instruments in connection with and in furtherance of its business
operations;
2.
To issue bonds, debentures, and other obligations of the
Cooperative, to contract indebtedness and to secure the same with
a mortgage or deed of trust, or pledge or lend on any or all of
the real and personal properties of the Cooperative; and
3.
To acquire facilities, either by or thru construction,
purchase, lease, bequest, or donation from local or foreign
sources; for the purpose of attaining or furthering any or all of
the objectives and purposes herein stated, to do any other act and
to exercise any other power which a natural person could do and
exercise and which now or hereafter maybe authorized by law.
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