AN ORDINANCE confirming, ratifying and/or approving the Memorandum of Agreement entered into by and between the City Government of Cagayan de Oro, represented by City Mayor Constantino G. Jaraula and the City Hall Employees Multi-Purpose Cooperative (CHEMCO), represented by its Chairman, Board of Directors, Mr. Armen A. Cuenca, covering the coop’s financial assistance in the form of loan services such as salary, emergency, grocery loans and other credit services to its members, under the terms and conditions stipulated therein