TEL3 By-Laws (2 of 10)
ascertained by verification of the owners as registered in the Registry of Deeds for Quezon City. Metro Manila ("RD-Quezon City"). Any member who ceases to be a registered owner of a unit shall automatically cease to be a member of the Corporation as of the date of the cancellation of the registration of his/her/its ownership at the RD-Quezon City.
Section 2. Representation. A member may designate another person to represent him/her/it as a member of the Corporation by filing a written designation with the Secretary of the Corporation. In case a unit is owned in common by two or more persons, they shall designate only one of them to represent them in the Corporation and the representative so designated shall be considered as a member representing the condominium unit for all purposes in all matters related to the Corporation. Provided, however. that in case of conflict, the Board of Directors shall have the right to decide whom to recognize as their authorized representative In case a member is a legal entity, authorized officers shall designate who should represent it in the Corporation.
Section 3. Annual Meeting. Vote of Members. The annual meeting of the members of the Corporation and the election of the members of the Board of Directors shall be held on the first Monday of April of each year at 2:00 P.M.
Each member of the Corporation shall be entitled to such number of votes corresponding to his/her/its membership interest or participation in the Corporation as determined under Part I of the Master Deed of the Project. However, members who are delinquent in their dues and other assessments fixed by the Board of Directors pursuant to the powers granted to it, shall not be qualified to cast their votes in any meetings of the Corporation. In the annual election of members of the Board of Directors, no cumulative voting shall be permitted.
Section 4. Special Meetings. Special meetings of the members of the Corporation may called and convened at any time by a majority of the members of the Board of Directors or by written petition of members representing at least twenty five (25%) percent of the total number of votes. provided, that a notice thereof is sent to all members at least seven (7) days prior to the date of the meeting. Such special meetings shall take up only matters stated in the agenda.
Section 5. Proxy. Any member, and any representative as defined in Section 2 hereof, may be represented by a proxy in all meetings of the Corporation. The proxy must be in writing and signed by the member or representative delegating his representation to another.
Proxies shall be valid only either for the next annual or special meeting after the execution of the proxy, or any adjournment thereof. The representative in the proxy must be designated by name,
Section 6. Quorum. The presence of members representing a majority of the total number of votes and are not delinquent in their dues and other assessments shall constitute a quorum. A majority of the quorum shall be competent to
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