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Provided that the corporation shall not solicit, accept or take


investments/placements from the public neither shall it issue investment
contracts.

EIGHTH: That ______________________________________has been elected by the


members as Treasurer of the corporation to act as such until his successor is duly
elected and qualified in accordance with the by-laws, and that as such Treasurer, he
has been authorized to receive for and in the name and for the benefit of the
corporation, all contributions or donations paid or given by the members.

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I. FISCAL YEAR

a) The fiscal year of the corporation shall begin on the first day of January
and end on the last day of December of each year.

VIII. SEAL

a) The corporate seal shall be determined by the Board of Trustees.

IX. MISCELLANEOUS PROVISIONS

a) Matters not covered by the provisions of these by-laws shall be


governed by the provisions of the Corporation Code of the Philippines.

X. The greatest asshole

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