Depository Bank

Republic of the Philippines

PROVINCE OF SURIGAO DEL NORTE

Municipality of Socorro

De Oro Bunk House, Katoto, Brgy. Nueva Estrella

OFFICE OF DE ORO FARMERS ASSOCIATION, INC.

“EXCERPT FROM THE MINUTES OF THE FIRST ORGANIZATIONAL MEETING AT EXACTLY 1:00 O’CLOCK IN THE AFTERNOON, JANUARY 15, 2011 HELD AT DE ORO BUNK HOUSE, KATOTO, NUEVA ESTRELLA, SOCORRO, SURIGAO DEL NORTE”

PRESENT:

PRESIDENT : FERNANDO E. PIAO

VICE PRESIDENT : MARIO E. MASCARDO, SR.

SECRETARY : GLENN MARK C. DIZON

TREASURER : DANTE P. DIZON

BOOKKEEPER : JEANNETH B. CONIATO

BOOKKEEPER : GRETCHEN P. SARONG

AUDITOR : REMAR A. ELANDAG

AUDITOR         : MARIETTA G. CULATA

BOARD OF DIRECTOR : ARLITO C. ELANDAG

BOARD OF DIRECTOR : MAHRIS G. BALBARINO

BOARD OF DIRECTOR : ELVIE P. BALBARINO

BOARD OF DIRECTOR : RONALD E. SUTANA

BOARD OF DIRECTOR : JUNDY JUALO

BOARD OF DIRECTOR : WALTER M. BOHOL

BOARD OF DIRECTOR : GEGIE M. RAMIREZ

BOARD OF DIRECTOR : ELGENIA B. BISAYA

BOARD OF DIRECTOR : ANGELITO JUALO, JR.

RESOLUTION NO. 01

Series of 2011

“A RESOLUTION DESIGNATING LAND BANK OF THE PHILIPPINES – SURIGAO BRANCH AS THE OFFICIAL DEPOSITORY BANK OF DE ORO FARMERS ASSOCIATION, INC. (DOFAI), OF SOCORRO, SURIGAO DEL NORTE”

WHEREAS, De Oro Farmers Association, Inc. is an organization of farmers, fisherfolks and micro enterprisers venturing into agribusiness, agri-infrastructure, and other agricultural and environmental projects and programs since its incorporation in the year 1990 and  has, for more than 2 decades, striven to put a shot-in-the-arm on agricultural development;

WHEREAS, there is exists a need for De Oro Farmers Association, Inc to open an account in a bank taking into consideration the forthcoming changes and expansion of its operations and in view of the ventures it has planned to undertake which will surely involve receipts and disbursement of pecuniary amounts;

WHEREAS, the organization has recognized the unparalleled reputation and prominence of Land Bank of the Philippines, Inc. (LBP) in promoting its own mandate to promote countryside development and with the great favor it extended to farmers, fisherfolk, agribusiness, agri-infrastructure, and other agri- and environment- related projects, among others, as its priority sectors;

WHEREFORE, on motion of Mr. Mario E. Mascardo, Sr., De Oro Vice President and duly seconded by Mr. Remar A. Elandag, De Oro Auditor, it was –

RESOLVED, as it hereby resolves, by this august body, to designate Land Bank of the Philippines – Surigao Branch as the Official Depository Bank of De Oro Farmers Association, Inc. (DOFAI), of Socorro, Surigao del Norte”

RESOLVED FURTHER, that copies of this resolution be furnished to the Land Bank of the Philippines, Surigao City Branch, Surigao del Norte for their information and reference.

I HEREBY CERTIFY to the correctness of the above quoted resolution.

Certified true and correct:

GLENN MARK C. DIZON

Secretary

ATTESTED:

FERNANDO E. PIAO

President