BFD R2 MULTI-PURPOSE COOPERATIVE

DENR, Regional Office No. 02

Carig Sur, Tuguegarao City

A LITERAL COPY OF THE RESOLUTION PASSED AND APPROVED BY THE BFD R2 MPC
BOARD OF DIRECTORS DURING ITS REGULAR MEETING HELD ON AUGUST 12, 2023 AT
BFD R2 MPC BUILDING, DENR REGIONAL OFFICE NO. 2, TUGUEGARAO CITY, CAGAYAN

RESOLUTION N0. 2023-15

UPDATING THE SIGNATORIES IN THE TIME DEPOSIT ACCOUNT OF THE

COOPERATIVE AT THE DEVELOPMENT BANK OF THE PHILIPPINES -CAPITOL
BRANCH, TUGUEGARAO CITY, CAGAYAN, AND DESIGNATING GENERAL
MANAGER LEA A. DAQUIOAG AND TESSIE P. PAGULAYAN AS SIGNATORIES OF
THE COOPERATIVE’S CHECKS

WHEREAS, BFD R2 Multi-Purpose Cooperative Board of Directors in its Regular Meeting

discussed the updating of signatories in the cooperative checks involving our account at the afore-
stated bank;

WHEREAS, under the existing sound Financial Policy of the Cooperative and in compliance with
Law, and the Cooperative Development Authority’s guidelines, it is relevant/necessary to
update/replace the authorized signatories of checks of the cooperative;

NOW THEREFORE, for and in consideration of the above premises, the Board of Directors
hereby Resolve and Approved, to designate/authorized General Manager Lea A. Daquioag and
Tessie P. Pagulayan, and sign the drawn checks against our account at the Development Bank of
the Philippines (DBP), Capitol Branch, Tuguegarao City, Cagayan.

RESOLVED FINALLY, that this copy of the Resolution be posted at the BFD Cooperative
Building, Regional Office No. 02, Tuguegarao City, Cagayan, MGB, EMB, PENROs, and CENROs
for the members.

Approved and adopted this 12th day of August 2023.

MELCHOR S. CSIBANG LEA A. DAQUIOAGas

TITA PAMELA E. DE ASIS MARINA A. MALAMUG

ELMER A. PANIZARES JOHN MARK N, PARACAD

JOHNLEE M. RUMUSUD

I hereby certify the correctness of the foregoing resolution.

ROSALIA R.BANGAYAN
Board Secretary
ATTESTED BY:

LEA A. DAQUIOAG
Chairperson