Mission and By-Laws
By-Laws of the Organization
I. The Time, Place and Manner of Calling and Conducting Regular or Special Meetings of the Trustees
II. The Time and Manner of Calling and Conducting Regular or Special Meetings of the Members
Regular or annual meetings of members shall be held annually on 1st Friday of December
III. The Required Quorum in Meetings of Members
The required quorum in meetings of members shall consist of the member/s representing a majority of the entire membership.
IV. The Form for Proxies of Members and the Manner of Voting Them
Members may vote in person or by proxy in all meetings of members. Proxies shall be in writing, signed by the member and fil ed before the scheduled meeting with the corporate secretary. Unless otherwise provided in the proxy, it shall be valid only for the meeting for which it is intended. No proxy shall be valid and effective for a period longer than five (5) years at any one time.
V. The Qualifactions, Duties, Term and Compensation of Trustees
No person convicted by final judgment of on offense punishable by imprisonment for a period exceeding six (6) years, or a violation of this Code, committed within five (5) years prior to the date of his election shall qualify as a trustee. No person shall be elected as a trustee unless he is a member of the corporation. A majority of the trustees must be residents of the Philippines.
VI. The Manner of Election or Appointment, Qualification and the Term of Office of All Officers Other than Trustes
Immediately after their election, the trustees of a corporation must formally organize by the election of a PRESIDENT, who shall be a trustee, a TREASURER who may or may not be a trustee, a SECRETARY who shall be a resident and citizen of the Philippines, and such other officers as may be provided in the by-laws. Two (2) or more positions may be held concurrently by the same officer, however no one shall act as PRESIDENT and SECRETARY or as PRESIDENT and TREASURER at the same time. The officers of the corporation shall hold office for one (1) year and until the successors are elected and qualified. The officers of the corporation shall perform functions as required by existing laws, rules and regulations.