Excerpts from the Minutes of the Meeting of the Board of Directors of the Olongapo City Government Employees Multi-Purpose Cooperative (OCGEMPC) Held on 03 May 2011 at the OCGEMPC Training Room, City Hall, Olongapo City.
Resolution No. 2011-024
APPOINTING MS. JULIE U. REYES AS OCGEMPC TREASURER AND AUTHORIZING HER AS A SIGNATORY FOR TRANSACTIONS WITH BANKS
WHEREAS, the Board of Directors of the Olongapo City Government Employees Multi-Purpose Cooperative (OCGEMPC), has accepted the resignation of Ms. Leticia Doropan as Treasurer of the OCGEMPC effective on 31 May 2011;
WHEREAS, in order to preclude any disruption in OCGEMPC operations, and to allow for a smooth transition and transfer of accountabilities, a new Treasurer must be immediately appointed and given the authority to effectively perform the duties of the position;
NOW THEREFORE, upon motion duly made and seconded, the Board of Directors of the Olongapo City Government Employees Multi- Purpose Cooperative in session assembled:
RESOLVE AS IT IS HEREBY RESOLVED, to, as it hereby appoints Ms. Julie U. Reyes to the position of OCGEMPC Treasurer effective on 01 June 2011; and hereby designates and authorizes her as the official signatory, together with current Board Chairman Jaime L. Mendoza, for all transactions of the OCGEMPC with the Land Bank, Planters Bank, Union Bank and Philippine National Bank effective on 01 June 2011 until the aforementioned banks are notified otherwise by the OCGEMPC;
RESOLVED FURTHER, that the previous designation and authorization of Ms. Leticia Doropan be, as it is hereby revoked; and that a notarized copy of this Resolution be furnished to each of the aforementioned banks for their information, record and reference.
Done this 3rd day of May 2011 at Olongapo City, Philippines.