CALBUGOS ILIGAY FARMERS ASSOCIATION

Brgy. Calbugos, Villaba, Leyte

RESOLUTION
(To Open Bank Account)

WHEREAS, the undersigned members of the Board of Directors of the CALBUGOS

ILIGAY FARMERS ASSOCIATION (the “Association”), authorizes the President of the
Association, DURANO D. DACAL and/or the Treasurer of the Association, TERESITA D.
QUILO-AN, to open a bank account for the Association with the Land Bank of the
Philippines – Ormoc Branch, Ormoc City, Leyte, to deposit and/or withdraw money
from said bank.

WHERAS, the undersigned members of the Board of Directors deem it to be in the

best interests of the Association to open said bank account;

BE IT:

RESOLVED, that the President of the Association, DURANO D. DACAL and/or

the Treasurer of the Association, TERESITA D. QUILO-AN, are authorized to
open said bank account, to deposit and/or to withdraw money from said bank
and to sign the necessary papers for these purposes.

RESOLVED, that Land Bank of the Philippines (Ormoc Branch), be as it is

hereby designated depository of the Association, the officers, agents and
employees of this Association be, and hereby are, and each of them are hereby
authorized to pay, encash or otherwise honor and charge to this corporation
any and all checks, notes, drafts, bills of exchange, acceptances, orders and
other instruments for the payment of money or the withdrawal of funds
including those which may cause an overdraft, when signed, made, drawn,
accepted or endorsed on behalf of or in the name of this Association by the
President of the Association, DURANO D. DACAL and/or the Treasurer of the
Association, TERESITA D. QUILO-AN.

RESOLVED, FURTHER, that all the foregoing authorities shall and continue to
be in full force and effect until revoked or modified by written notice duly
notarized actually received by bank at its office, wherein the account of this
Association is then maintained, setting forth a resolution to that effect certified
to have been adopted by the Board of Directors of this Association, provided
that such notice shall not be effective with respect to any exercise of said
authorities prior to the receipt thereof, nor with respect to any checks or other
instruments for the payment of money or the withdrawal of funds dated to the
date of such notice.

The undersigned hereby certify that they are the duly elected and qualified members
of the Board of the Association and the custodian of the book and records and seal of the
Calbugos Iligay Farmers Association and that the foregoing is a true record of a Resolution
duly adopted at a special meeting of the Board of Directors on September 30, 2017 and that
the said meeting was held in accordance with the Articles of Association and By-laws of the
Association, and that said Resolution is now in full force and effect without modification or
rescission.
 IN WITNESS WHEREOF, we have executed our names as all the members of the
Board of Directors of the CALBUGOS ILIGAY FARMERS ASSOCIATION this _____th day of
_________________________, 2017 at ___________________________, Philippines.

Members of the Board of Directors:

JOEL M. TAGALOG FELOTIO C. TAGALOG

Chairman Member
Identification Card No.: _____________ Identification Card No.: _____________
Issued On: _______________________ Issued On: _______________________
Issued At: _______________________ Issued At: _______________________

FLOREDELIZA C. TANO DELSA T. TUICO

Vice-Chairman Member
Identification Card No.: _____________ Identification Card No.: _____________
Issued On: _______________________ Issued On: _______________________
Issued At: _______________________ Issued At: _______________________

ROEL C. ANDALES TERESA B. URSAL

Member Member
Identification Card No.: _____________ Identification Card No.: _____________
Issued On: _______________________ Issued On: _______________________
Issued At: _______________________ Issued At: _______________________

JOLIETO D. PAOJANA NORA E. DACAL

Member Member
Identification Card No.: _____________ Identification Card No.: _____________
Issued On: _______________________ Issued On: _______________________
Issued At: _______________________ Issued At: _______________________

Attested to and accepted by:

DURANO D. DACAL TERESITA D. QUILO-AN

President Treasurer
Identification Card No.: _____________ Identification Card No.: _____________
Issued On: _______________________ Issued On: _______________________
Issued At: _______________________ Issued At: _______________________

SUBSCRIBED AND SWORN to before me, this ______th day of _____________________, 2017,
by the above-mentioned members of the Board of Directors of the CALBUGOS ILIGAY
FARMERS ASSOCIATION, who exhibited their respective evidence of identity indicated above,
all of whom are personally known to me (or whom I have identified through competent
evidence of identity).

NOTARY PUBLIC
Doc. No. ______;
Page No. ______;
Book No.______;
Series of 2017.