Resolution SAINT LUCIA CO-OPERATIVE SOCIETIES ACT, CAP. 12.06 MON REPOS EASTERN CO-OPERATIVE CREDIT UNION (1968) LIMITED RESOLUTION – Declaration of Dividends and Patronage Refund WHEREAS the audited financial statements of the Mon Repos Eastern Co-Operative Credit Union (1968) Limited for the year 2019 has been presented and approved by this Annual General Meeting; AND WHEREAS the Balance Sheet of these Accounts shows a Net Surplus in the amount of one million, seven hundred and seventy-two thousand, five hundred & seventy-one dollars ($1,772,571) for the year ended December 2019. BE IT RESOLVED that this Annual General Meeting approve payment of 5% Dividend on equity shares and 3% Patronage Refund for the period January to December 2019.
Passed at the Annual General Meeting this _______________ day of _________________ 2020. Proposed by ……………………..………. Seconded …………………...…..…………………… Votes for ………..…… Against ……………..…….
Abstentions …………………….………
_______________________ President/Chairman _______________________ Secretary
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