By Laws From Hlurb
By Laws From Hlurb
By Laws From Hlurb
BY – LAWS
OF
Bagong Pag-asa Homeowners Association
Inc.
_________________________________________________________
____
ARTICLE I
DECLARATION OF PURPOSE
The purposes of this association are those set forth in its Articles of
Incorporation. Its primary concern is to facilitate the ownership of
lots or houses, or both, by its members and to enhance the delivery
of adequate social services or advantages for the association to
improve
the quality of life and well-being of its members.
ARTICLE II
ARTICLE III
MEMBERSHIP
ARTICLE VI
OFFICERS
Section 1. Officers. The officers of the association shall be
the President, Vice-
President, Secretary, Treasurer, Auditor and such other
officers as may from time to time be
determined by the Board. Long-term lessees and tenants are
not qualified to be elected or
appointed as president, vice-president, and treasurer of the
association.
Section 2. Election and Term of Office. The officers
mentioned in Section 1
hereof shall be elected at the annual meeting of the Board
held immediately after the annual
meeting of members and shall hold office for a term of
_______________ years and until their
successors shall have been elected and qualified. If the
election of officers cannot be held at
such meeting, the election shall be held during the next
regular meeting.
Section 3. Compensation. The officers of the association
who are not members of
the Board may receive such honoraria as may be determined
by the board of directors or
trustees.
Section 4. Removal of Officers. Any officer of the
association may be removed by
a majority vote of the members of the Board constituting a
quorum whenever in its judgment
the best interest of the Association will be served thereby.
Section 5. President. The President who should be a
director shall preside at all
meeting of the members and of the board of directors or
trustees. The president shall exercise
such powers and performs such duties incident to his office
and such other duties as may from
time to time delegated to him by the Board. Among others,
the president shall:
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by the Board.
Section 3. Deposit. All funds of the association such as
association dues and
membership fees shall be deposited from time to time to the
credit or account of the
association in such bank or banks as the Board may
designate.
Section 4. Fiscal Year. The fiscal year of the association
shall begin on the 1st day
of January and end on the 31st day of December of each year.
The treasurer shall cause to be
made a full and complete audit of the books, accounts and
financial condition of the
association. Such audit shall be made available for inspection
by the members. For this
purpose, the association shall conduct such audit at least
three (3) months before the end of
the fiscal year, make pertinent recommendations to the Board
and render a report to the
members at the annual meeting.
ARTICLE X
COMMUNITY MORTGAGE PROGRAM (CMP), GROUP
LAND ACQUISITION AND DEVELOPMENT (GLAD),
SELF-HELP AND OTHER LAND TENURIAL PROGRAMS
Section 1. Conditions of Membership. A member of
community mortgage or
group land acquisition and development projects and other
self-help and land tenurial programs
shall agree to the following provisions:
a. To relocate to other lots or areas and/or vary their house
plans and designs when
the community or site development, such as roadways, or
drainage, and/or water
lines to be constructed/installed, shall require such relocation
or alteration for the
common good of the majority of the members or in
compliance with government
regulations;
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by-laws.
Section 3. Amendments. This by-laws or any portion or
provision hereof may be
amended, repealed or otherwise changed, upon the initiation
of the Board in any manner not
contrary to law, the articles of incorporation, contracts, or
agreements, at a duly called and held
regular meeting or special meeting by a majority vote of the
members, provided, however, that
notice of such meeting whether regular or special, shall
contain a fair statement of the
proposed amendments.
The foregoing by-laws were adopted and approved by all the
incorporators on
___________________________________ at
________________________________________
______________________________________________________________
_______________.
(Note: If filed with Articles of Incorporation, should be signed
by all Incorporators; if filed after
incorporation, should be signed by majority of the members)
IN WITNESS WHEREOF, we have hereunto set our hands
this _________ day of
_____________________, 20____ at
______________________________________________.
______________________________ ______________________________
______________________________ ______________________________
______________________________ ______________________________
______________________________ ______________________________
______________________________ ______________________________
______________________________ ______________________________
______________________________ ______________________________
______________________________
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ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
CITY / PROVINCE OF _______________) S.S.
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