MEMBERSHIP
Section 1. Membership. That membership of this Cooperative shall be open to all persons who are of legal age, with capacity to contract and are:
a.) Employees of Nuestra Señora de Aranzazu Parochial School
b.) Members of the NSDA Parish Organization / Movements / Association
c.) Members of church organizations from different parishes in San Mateo
d.) Parents of NSDAPS students
e.) Husbands / wives of NSDAPS employee
f.) Parent and brothers / sisters of NSDAPS employees residing in San Mateo.
The prospective members should:
a.) Pledge to undertake the responsibilities of members:
b.) Complete the prescribed pre- membership cooperative education program;
c.) Use or anticipate to use the services of the Cooperative.
Section 2. Application for Membership.
a.) The application for membership shall be in writing on a form provided for the purpose and shall be presented to the Board of Directors for action.
b.) The application shall be a accompanied by a membership fee of One Hundred Pesos (100.00).
c.) The applicant shall subscribe to at least forty ( 40 ) shares with a total value of Two thousand pesos ( P 2,000.00 ) of which at least Five Hundred Pesos(P 500.00 ) corresponding to ten shares shall be paid upon submission of the application for membership . In the membership and subscription agreement, the terms of payment of the unpaid subscription shall be at least one (1) years.However, no member shall own or hold more that twenty per centum(20%) of the share capital of the Cooperative.
Section 3. Duties of Members. --- Every member shall have the following duties.
a.) Pay the installment on capital stock subscription as it falls due and to
participate in the capital build – up of the Cooperative:
b.) Patronize regularly its business;
c.) Participate in its parliamentary affairs;0
d.) Attend the membership meeting, regular or special;
e.) Obey the rules and regulations provided by R.A. 6938, these by – laws the
decisions of the General Assembly and the Board of Directors, and policies and
decisions that may be promulgated by the Cooperative Development Authority
( CDA ) ; and
f.) Promote the aims and purposes of the Cooperative, the success of its business,
the welfare of its members and the cooperative movement as a whole.
Section 4. Rights of Members. --- Every member who is entitled to vote has the following rights:
a.) Participate in the deliberation during membership meetings;
b.) Vote on all matters brought before such meetings;
c.) Seek any elective position, subject to the provisions of Section 12 Article III of
these by – laws ;
d.) Avail himself of the services of the cooperative without any discrimination whatsoever upon compliance with the conditions and requirements hereof; and
e.) Inspect and examine the books of account, the minutes’ books, the share
register, and other records of the Cooperative during office hours and to exercise
other rights and privileges of membership.