GLF – NS2012

BY-LAWS

OF

______________________________________________________________________________
(Name of Corporation)

ARTICLE I

BOARD OF TRUSTEES

Section 1. Board of Trustees - The corporate powers of the organization shall be exercised, its business conducted and its property controlled by the Board of Trustees. Without prejudice to such powers as may be granted by laws, the Board of Trustees shall also have the following powers:

a) To make and change rules and regulations not inconsistent with these by-laws for the management of the organization’s objectives and affairs;

b) To purchase, receive, take or otherwise acquire for and in the name of the organization, any and all properties, rights, or privileges for the organization;

c) To prosecute, maintain, defend, compromise or abandon any lawsuit in which the organization or its officers are either plaintiffs or defendants in connection with the activities of the organization;

d) To delegate, from time to time, any of the powers of the board which may be lawfully be delegated in the course of the operation of the organization to any standing or special committee or to any officer or agent and to appoint any person to be agent of the organization with such powers and upon such terms as may be deemed fit, and

e) To implement these by-laws and to act on any corporate matter not covered by these by-laws, provided such matter does not require the approval or consent of the members under the Corporation Code of the Philippines.

Section 2. Qualifications - No member shall be eligible for election to the Board of Trustees unless he is president and of his/her transport association in good standing and has not committed any offense mentioned in Section 3 of Article 1.

Section 3. Disqualification - No member convicted by final judgment of