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Rules & Regulations:

Rules and Regulations June 30th, 2009.
Prepaired by founder members of PAQS
(By Laws of PAQS)
Article 01. CORPORATE NAME:
1.01 -

The name of the Association shall be "PAKISTAN ASSOCIATION OF QUANTITY SURVEYORS".

Article 02. HEAD OFFICE:
2.01 -

The Head Office of the Association shall be located In the Municipality of Metropolitan Karachi In the Province of Sind.

Article 03. CORPORATE SEAL:
3.01 -

The corporate seal of the Association shall be In such form as the Board of Directors shall determine and shall have at least the words "PAKISTAN ASSOCIATION OF QUANTITY SURVEYORS".

Article 04. DEFINITIONS:
4.01 -

The corporate seal of the Association shall be In such form as the Board of Directors shall determine and shall have at least the words "PAKISTAN ASSOCIATION OF QUANTITY SURVEYORS".

4.02 -

"Board of Directors" or "Director" or "Board" means the Board of Directors of the Pakistan Association of Quantity Surveyors;

4.03 -

"Chapter" means a group of Members constituted and governed by the By-laws as described In Article 17 of the Rules and Regulations and known as Territorial Chapters;

4.04 -

"Member" means a member of the Association as defined In the By-laws.

4.05 -

"TPE" means the Test of Professional Competency.

4.06 -

"Professional Quantity Surveyor", "PQS" are registered marks of the Pakistan Association of Quantity Surveyors.

Article 05. MEMBERS:
5.01 -

All persons who are current Members of the Association shall continue as such until such membership lapses, is suspended, is cancelled or until the Member resigns.

5.02 -

Each Member, Including such other classes of membership as may be mutually recognized from time to lime by the Association, must be a Member In good standing and failure to maintain such membership shall result In the automatic termination of membership.

5.03 -

All persons who are Professional Quantity Surveyors in good standing of an affiliated association may be Members of the Association.

5.04 -

The Board of Directors may at its discretion establish categories of membership, including past and honorary. The membership of the Association shall consist of those persons who are accepted as provided for In the By-laws and shall consist of the following categories:

Article 06. MEMBERSHIP:
6.01 -

Professional Quantity Surveyor (PQS):
A person who has completed all of the academic and experience qualifications of the Association together with the Test of Professional Competency (TPC).

6.02 -

Quantity Surveyor (QS)
A person who has completed the academic requirements up to and including 10 years of working experience as Quantity Surveyor, but who has not undertaken or completed the TPC.

6.03 -

Associate Member (AQS)
A person who has completed the academic requirements up to and has less than 05 (Five) years working experience as Quantity Surveyor, but who has not undertaken or completed the TPC.

6.04 -

Student
A person who has a minimum of high school and is studying towards passing the Association approved examinations or any student of any technical college or university may joint as a student member.

6.05 -

Affiliate
Experienced persons gainfully or self-employed In the construction industry or in such other capacity as the Board may from time to time decide, with a status such that affiliation will, in the opinion of the Board, be of value to the Association. Applicants for this category must be sponsored by three Professional Quantity Surveyors of the Institute in the Chapter in which they reside or work. Affiliates may not represent themselves or lead others to believe they are a qualified member.

6.06 -

Retired Member:
A Professional Quantity Surveyor (PQS) or Quantity Surveyor (QS) who has retired and does not accept employment or commissions during this retirement.

Article 07. CONDITIONS OF MEMBERSHIP:
7.01 -

An individual eligible for membership in the Association and desirous of becoming a Professional Quantity Surveyor, Quantity Surveyor (QS), Associate Member (AQS), Student, or Affiliate member as the case may be, shall submit a written Application in the prescribed form, accompanied with the prescribed enrolment fee, to the Association, containing the following:

  • the name, residence and business address of the Applicant along with bio-data;
  • the nature of the Applicant's occupation and qualifications,
  • the class of membership desired;
  • a waiver by the Applicant of all rights to participate in any and all distribution of the assets of the Association;
  • such further and other information or particulars as may be relevant or as the Board of Directors may reasonably require.The Board of Directors of the Association may from time to time by resolution prescribe a form of Application for Membership in the Association containing such lawful terms and conditions as they may deem appropriate in the circumstances and, in such event, each Application for Membership shall be in the prescribed form

7.02 -

Each Application for Membership in the Association submitted in accordance with paragraph 7.0I hereof shall be considered by the Board of Directors of the Association but no applicant for membership as a Professional Quantity Surveyor, Quantity Surveyor (QS) Associate Member (AQS), Student, or Affiliate member shall become a Member of the Association unless and until his/her Application for Membership as a Professional Quantity Surveyor, Quantity Surveyor (QS), Associate Member (AQS), Student, or Affiliate member has been approved by an affirmative resolution of the majority of the Board of Directors of the Association.

7.03 -

All decisions of the Board of Directors as evidenced as aforesaid as to the approval or refusal of an Application for Membership in the Association and as to the class of membership to which the applicant is entitled shall be final and conclusive and can not be challenged by virtue of right. An applicant for Membership in the Association whose Application has been refused is entitled to a statement of the reasons for the Board's refusal, upon the request of the said applicant.

7.04 -

Any applicant for membership in the Association whose application has been refused may re-apply for membership in the Association at any time after one year from the date of the refusal of his/her last application for membership by submitting a new application form in the prescribed manner.

7.05 -

Membership in the Association shall not be transferable or assignable for any reason.

Article 08. TERMINATION OF MEMBERSHIP:
8.01 -

Any Member may resign from membership in the Association by delivering a letter of resignation addressed to the Secretary.

8.02 -

Any Member may be removed from membership In the Association by a resolution passed by the affirmative vote of at least two-thirds (2/3) of the Board of Directors provided, however, that except as provided in paragraph 8.01 hereof, no Member shall be removed from membership in the Association unless such Member shall have first been given an opportunity to appear before the Board of Directors to hear a reason for his/her removal and to reply thereto.

8.03 -

Any Member who is in arrears in the payment of any fees or assessments may be removed from membership In the Association by resolution of the Board of Directors at any time after the thirty (30) day next following the date upon which a final demand for payment thereof shall be given to such Member by the Secretary.

8.04 -

Any Member who shall cease to satisfy the requirements of membership as set forth in Article 7.01 hereto may be removed as a Member by resolution of the Board of Directors.

8.05 -

The Board of Directors shall have the power to reinstate Members in accordance with the Rules and Regulation of the Association.

8.06 -

Any member can be remove if found to be involved in un-lawful activities or acts contrary to the ethics of profession. As set out by the association after serving notice.

Article 09. FEES AND ASSESSMENTS:
9.01 -

The Board of Directors shall prescribe the annual membership fees to be paid by the Members.

9.02 -

The Board of Directors may also prescribe special fees or assessments to be paid by the Members but no such fees or assessments shall be effective or acted upon unless the same shall have been approved by a majority of votes cast by the members at the Annual General Meeting.

Article 10. BOARD OF DIRECTORS:
10.01 -

The property and affairs of the Association shall be managed by a Board of Directors consisting of:

  • Two Chapter representatives, being two Professional Quantity Surveyors from each Chapter;
  • One Quantity Surveyor Member elected or appointed by the Quantity Surveyor Members.
  • One Associate Quantity Surveyor Member elected or appointed by the Associate Quantity Surveyors Members.
  • The Past President of the Association shall sit as ex-officio Director.

10.02 -

In the event that a Chapter representative is elected President, the Chapter can appoint another representative to the Board.

10.03 -

  • The respective Directors elected by the Chapters, Quantity Surveyor Member, Associate Quantity Surveyor Members shall remain In office for a term of three year from the date of their election or until such time as their successors are elected or appointed to take office.
  • Any Director shall be eligible for re-election at the Annual General Meeting of Members.
  • Only Professional Quantity Surveyors are eligible to vote in the election or appointment of the Director(s) from their respective Chapters. The election or appointment of the Directors from the Chapters shall take place annually within thirty (30) day period immediately preceding the Annual General Meeting of Members. The names of the Directors thereby elected or appointed shall be furnished to the Association within the thirty (30) day period immediately preceding the Annual General Meeting.
All decisions of the Board of Directors as evidenced as aforesaid as to the approval or refusal of an Application for Membership in the Association and as to the class of membership to which the applicant is entitled shall be final and conclusive and can not be challenged by virtue of right. An applicant for Membership in the Association whose Application has been refused is entitled to a statement of the reasons for the Board's refusal, upon the request of the said applicant.

10.04 -

At the first meeting of Members, the directors then elected shall replace the Directors, named in the Letters Pads.

10.05 -

Five Directors shall constitute a quorum for the transaction of business at all meetings of the Board of Directors.

10.06 -

So long as a quorum of Directors remains in office, casual vacancies in the Board of Directors occurring for any reason may be filled by resolution of the Board of Directors.

10.07 -

The Board of Directors may exercise all such powers and do all acts and things as may be exercised or done by the Institute unless by statute or By laws of the Association the same are expressly directed or required by the Members of the Association.

10.08 -

The office of a Director shall be automatically vacated upon the occurrence of any one of the following events:

  • on death;
  • If a Director shall resign his/her office by delivering a letter of resignation to the Secretary of the Association;
  • if the Members of the Institute, by a resolution passed by the affirmative vote of at least two thirds (2/3) of the Members present and entitled to vote thereon pursuant to Article 15 hereof, at a special general meeting of Members duly called for that purpose, remove the Directorfrom office;
  • if the Member's membership is terminated in accordance with Article 8.02, 8.03, 8.04.and 8.06

Article 11. MEETING OF DIRECTORS:
11.01 -

Meetings of the Directors may be held either at the Head Office or elsewhere as the Chairman / President may determine A meeting of Directors may be convened by the President or any three Directors at any time and the Secretary upon direction of the President or any three Directors shall convene a meeting of the Board of Directors. Not less than three days notice of any such meeting shall be given, provided always that meetings of the Directors may be held at any time without formal notice, if all the Directors are present or those absent have waived notice or have signified their consent in writing or by telegram or by facsimile transmission addressed to the Secretary of the Association to the meeting being held in their absenceNotice of any meeting or any irregularity In any meeting or in the notice thereof may be waived by any Director.
For the first meeting of the Board of Directors to be held immediately following the election of the Board of Directors at an Annual General Meeting of Members or for a meeting of the Board of Directors at which a Director is appointed to fill a casual vacancy on the Board of Directors, no notice of such meeting shall be necessary to the newly elected or appointed Director or Directors, as the case may be, in order to legally constitute the meeting provided a quorum of the Board of Directors is present.

11.02 -

Except as herein otherwise provided, questions arising at all meetings of the Board of Directors shall be decided by a majority of votes cast. In the event of an equality of votes cast, the Chair of the meeting, in addition to his/her original vote, shall have the casting vote.

11.03 -

Only Directors are entitled to vote.

Article 12. REMUNERATION OF DIRECTORS AND OFFICERS:
12.01 -

No remuneration shall be payable to the Directors or Officers of the Association in respect to their office. The Board of Directors may, however, by resolution award special remuneration to any Director or Officer undertaking any special services on the Association's behalf other than the routine work ordinarily required of a Director by the Association. The confirmation of any such resolution by the Members of the Association shall not be required.

12.02 -

The Board of Directors may, by resolution, authorize the payment of traveling and other expenses properly incurred by Directors and Officers in connection with the affairs of the Association.

Article 13. POWERS TO MAKE EXPENDITURES AND RECEIVE DONATIONS:
13.01 -

The Board of Directors shall have the power to make expenditures for the purpose of furthering the objects of the Association, and by resolution delegate to any Officer or Officers of the Institute the right to make expenditures including the right to employ and pay salaries but only with the final approval and signature of the President/ Chairman.

13.02 -

The Board of Directors shall be entitled to take such steps to enable the Association to receive donations and benefits for the purpose of furthering the objects of the Institute.

Article 14. OFFICE BEARERS:
14.01 -

There shall be a* President, Vice President, Secretary, Treasurer, Registrar, and such other Officers as the Board of Directors may determine. One person may hold more than one office except the office of President. The President shall be elected by the Board of Directors from lose present at the first Board of Directors meeting following the election of such Board at the Annual General Meeting, provided that in default of such election, the then incumbent, being a member of the Board of Directors, shall hold office until his/her successor is fleeted. Only Professional Quantity Surveyors shall be eligible for election as President or /ice President of the Association. All other officers shall be elected by the Board of Directors rom those present at the first Board of Directors meeting following the election of such toard at the Annual General Meeting All other offices may be filled by Professional Quantity Surveyors, or the Quantity Surveyor (QS) of the Board.

Article 15. DUTIES OF OFFICERS:
15.01 -

President.
The President shall be the Chief Executive Officer of the Association and he/she shall, when resent, preside at all meetings as Chair of the Members of the Association and of the Board of Directors. He/she shall have general supervision and management of the affairs of the Association, subject to the orders and affairs of the Association and subject to the orders and resolutions of the Board of Directors. He/she shall ensure that all orders and resolutions of ie Board of Directors and of the Members of the Association are carried into effect. He/she shall sign such contracts, documents or instruments in writing that require his/her Signature and shall have such other powers and duties as may be assigned to him/her by the Board of Directors or as are incidental to his/her office. 15.02 Vice President

15.02 -

Vice President.
The Vice President shall, in addition to any special duties assigned to him/her by the Board Directors, act on behalf of the President when the President is not available.

15.03 -

Secretary.
The Secretary shall attend all meetings of the Board of Directors and all meetings of the llMembers of the Association and record all votes and minutes of all proceedings in the books to be kept for that purpose He/she shall give notice of all meetings of the Members and of the Board of Directors and shall perform such other duties as may be prescribed from time to time by the Board of Directors or by the President. He/she shall be custodian of the seal of the Institute and shall affix same to any instrument requiring same He/she shall certify all documents issued by the Association which require certification.

15.04 -

Treasurer.
The Treasurer shall be responsible for the Association's funds and securities and shall be (responsible for full and accurate accounts of receipts and disbursements In books belonging p the Institute and shall be responsible for depositing all monies and other valuable effects |in the name and to the credit of the Association in such depositories as may be designated the Board of. Directors. He/she shall be responsible for disbursing the funds of the Association as may .be ordered by the Board of Directors, taking proper vouchers for such disbursements and shall render to the President and Board of Directors at meetings of the Board of Directors or whenever they may require it, an account of all the transactions of the Treasurer and of the financial position of the Association.

15.05 -

Registrar.
The Registrar shall be responsible for the accurate maintenance of the membership records and the issuance and collection of diplomas. He/she shall also be responsible for referencing and updating the By-laws, Rules and Regulations

Article 16. INDEMNITIES OF DIRECTORS, OFFICERS AND OTHERS:

Any Director, Member or Officer of the Association, or other person who has undertaken or Is about to undertake any liability on behalf of the Association shall, at all times, be indemnified and saved harmless out of the funds of the Association, from and against:

16.01 -

All costs, charges and expenses whatsoever which such Director, Member or Officer of the Association, or other person, sustains or incurs in or about any action, suit or proceeding that is brought, commenced or prosecuted against him/her for or in respect of any act, deed, matter or thing whatsoever made, done or permitted by him/her in or about the execution of the duties of his/her office or in respect of any such liability;

16.02 -

All other costs, charges and expenses that are sustained by such Director, or Member or Officer of the Association or other person sustained or incurred in or about or in relation to the affairs of the Association, except such costs, charges or expenses as are occasioned by the willful neglect or default of such Member or Director, or Officer of the Association or any other person.

16.03 -

No Director, Member, or Officer of the Association shall be indemnified by the Association in respect of any liability, costs, charges or expenses that he/she sustains or incurs in or about any action, suit or other proceeding as a result of which he/she is adjudged to be in breach of any duty or responsibility imposed upon him/her under the Company ordinance act 0000 or any other statute unless in an action brought against him/her in his/her capacity as Director of Officers he/she has achieved complete or substantial success as a defendant.

Article 17. MEETINGS OF MEMBERS:
17.01 -

The Annual General Meeting of the Members of the Association shall be held at the Head Office of the Association or elsewhere within Karachi on such day in each year as the Board of Directors may by resolution determine Other meetings of the Members of the Association, whether special or general, may be convened by order of the President or by the Board of Directors at any time and at any place within Karachi.

17.02 -

A minimum of fourteen days notice, stating the day, hour and place of the meeting and the general nature of the business to be transacted shall be given in writing.

17.03 -

The accidental omission lo give notice of any meeting or the non-receipt of any notice to any member of the Association shall not invalidate any resolution passed or any proceedings taken or any business transacted at any meeting of the Members of the Association.

17.04 -

The Chair may, with the consent of the meeting, adjourn such meeting and no notice of such adjournment need be given to the Members of the Association Any business may be brought before or dealt with at any adjourned meeting of Members which might have been brought before or dealt with at the original meeting of Members in accordance with the notice calling same.

17.05 -

Two (2) Professional Quantity Surveyors of the Association present in person or represented by proxy shall constitute a quorum at any meeting of the Members of the Institute for the appointment of a Chair of the meeting. For all other purposes a quorum for any meeting (unless a greater number of Members are required to be presented by the Pakistan Company ordinance act 000 or by the Letters Patent or any Supplementary Letters Patent issued to the Association or by this or any other By-law of the Association) shall be twenty (20) Professional Quantity Surveyors or Quantity Surveyors of the Association present in person or represented by proxy.

17.06 -

Every question submitted by the Members at any meeting of the Members of the Association shall be decided in the first instance by votes of the Members entitled to vote thereon pursuant to Article 17. 06 hereof given on a show of hands.

17.07 -

If, at any meeting, a vote is taken on the election of a Chair or on the question of adjournment, it shall be taken forthwith without adjournment. If a vote is demanded on any other question it shall be taken in such manner and either at once or after adjournment as the Chair directs. The result of the vote shall be deemed to be the resolution of the meeting at which the vote was demanded. A demand for a vote may be withdrawn.

17.08 -

At any meeting, unless a vote is demanded, a declaration by the Chair that a resolution has been carried or carried unanimously or by a particular majority or lost or not carried by a particular majority shall be conclusive evidence of the fact without proof of the number or proportion of votes recorded in favor or against the motion.

Article 18. VOTING:
18.01 -

Every Professional Quantity Surveyor and each Director of the Board of Directors shall be entitled to one vote on all matters properly arising at all meetings of Members, The vote of each Member shall be exercised by such Member personally.

18.02 -

Each Associate Member shall be entitled to one (1) vote exercised by such Member personally or on behalf of such member, but not exceeding the number of Professional Quantity Surveyors plus other categories of membership.

18.03 -

Members will be eligible to vote may vote by mail in ballots if and when such vote is deemed necessary by the Board of Directors.

Article 19. NOTICES:
19.01 -

Any notice or other document to be given by the Association to any Member or Director of the Association shall be served either personally or by sending it through the mail in a preĀ¬paid envelope or wrapper or by telegram or cable or by facsimile transmission addressed to such Member or Director at the address in the books of the Association, or, if no address be given therein, then to the last address of such Member or Director known to the Secretary.

19.02 -

With respect to every notice or other document sent by mail, it shall be sufficient to prove that the envelope or wrapper containing the notice or other document was properly addressed and deposited in The Pakistani Post Office / Courier. The signatures to any notice or other document given to the Association may be written, stamped, typewritten or printed.

19.03 -

Where a given number of days' notice, or notice extending over any period of time, is required to be given, the day of service or posting of the notice shall, unless it is otherwise provided, be included in the computation of the number of days or period of time.

Article 20. EXECUTION OF CONTRACTS AND DOCUMENTS:
20.01 -

Contracts, documents or instruments in writing requiring the signature of the Association may be signed by the President together with the Secretary or the Treasurer and all contracts, documents or instruments in writing so signed shall be binding upon the Association without any further authorization or formality The Board of Directors is authorized, by resolution, to appoint any Officer or Officers, or any person, on behalf of the Association either to sign contracts, documents or instruments in writing generally or to sign specific contracts, documents or instruments in writing with the final approval and signature of the President. The corporate seal of the Association, may, when required, be affixed to contracts, documents or instruments in writing, signed as aforesaid or by any Officer or Officers, person or persons appointed as aforesaid by resolution of the Directors. The terms "Contracts, documents or instruments in writing" as used in the By-laws shall include but is not limited to, deeds, mortgages, real or personal immovable or movable, agreements, releases, receipts or discharges for the payment of money and any other obligations, conveyances, transfers and assignments and all paper writing.

Article 21. FINANCIAL YEAR:
21.01 -

The financial year of the Association shall terminate on the last day of December in each year or on such other date as the Directors may by resolution determine.

Article 22. AUDITOR:
22.01 -

The Members of the Association shall, at each Annual General Meeting, appoint an auditor until the next Annual General Meeting of the Members of the Association. The remuneration of the auditor shall be determined by the Board of Directors.

22.02 -

The Board of Directors, subject to the approval of voting Members, may appoint two Professional Quantity Surveyors to review the accounts of the Association, provided such Members are not also Directors, Office bearer or employees of the Association.

Article 23. RULES AND REGULATIONS:
23.01 -

The Board of Directors may prescribe such rules and regulations, not inconsistent with the Charter and this By-law relating to the management and operation of the Association as they deem expedient, provided that such rules and regulations shall have force and effect only until the next Annual General Meeting of the Members of the Association, when they shall be confirmed and approved, and in default of confirmation and approval at such Annual General Meeting of the Members, shall at and from that time, cease to have force and effect.

Article 24. COMMITTEES AND APPOINTEES:
24.01 -

The Board of Directors may, by resolution, appoint an Executive Committee from among the Board of Directors and any special committee, from time to time, all of the Members of which shall be; Members of the Association. Such Committees may perform such lawful activities outside the scope of the activities of the standing Committees as the Directors shall direct.

24.02 -

A majority of Appointees of any such Committee shall constitute a quorum. Each such Committee shall be entitled to establish its own rules and procedures not inconsistent herewith or with the resolution of the Board of Directors establishing such Committee.

24.03 -

The Board of Directors shall appoint a Member or Members to represent the Association on the Council of the Pakistan Association of Quantity Surveyors as set out in the By-laws, Rules and Regulations of PAQS.

Article 25. AMENDMENT TO BY-LAWS:
25.01 -

The By-laws of the Association may be repealed or amended by By-law enacted by a majority of the Directors at a meeting of the Directors and sanctioned by an affirmative vote of at least two-thirds (2/3) of the Professional Quantity Surveyors and Quantity Surveyors present and all members of the Board of Directors and entitled to vote thereon, at a meeting of the Members duty called for the purpose of considering the said By-law and entitled to vote thereon.

Article 26. BANKING ARRANGEMENTS:
26.01 -

The Association's bank account shall be kept in such Bank or Banks, Trust Company or Trust Companies as the Board of Directors may, by resolution, determine. Cheques drawn on the Association's bank account, drafts drawn or accepted by the Association, or promissory notes given by it to be signed, drawn or accepted shall be signed, drawn or accepted by such Officer or Officers, person or persons, as the Board of Directors may, by resolution, name for that purpose. Bills of exchange, promissory notes, cheques or orders for payment of money may be endorsed for deposit to the credit of the Institute's bank account only by such Officer or Officers, person or persons, as the Board of Directors may, by resolution, name for that purpose.

Article 27. ACCOUNTS:
27.01 -

The Board of Directors shall cause the Association to keep proper accounting records with respect to all financial and other transactions of the Association, and without limiting the generality of the foregoing, shall cause the Association to keep records of all sums of money received and disbursed by it and the matters in respect of which receipts and disbursements take place, all sales and purchases by it, all assets and liabilities and all other transactions affecting its financial position.
The accounting records shall be kept at the Head Office of the Association or at such other place in Pakistan as the Board of Directors deem appropriate and shall, at all times, be open to inspection by the Board of Directors.

Article 28. DISSOLUTION OF ASSOCIATION:
28.01 -

Upon the dissolution or termination of the existence of the Association for any reason, any assets remaining after the payment and satisfaction of the debts and liabilities of the Association shall be transferred to an organization or organizations in Pakistan or elsewhere having cognate or similar objectives and in no event shall the same be distributed or paid or available for the personal benefit of any member of the Association.

Article 29. DISSOLUTION OF ASSOCIATION:
29.01 -

The Board of Directors shall designate such Chapters as it deems appropriate. Such Chapters shall be designated in Article 17 of the Rules and Regulations.

29.02 -

Members may belong to only one Chapter. Those Members who reside in one province and work in another province or territories must specify in their Application for Membership to which Chapter they wish to belong.

29.03 -

Subject to the provisions of this By-law, the Chapters may meet for the transaction of business, adjourn and otherwise regulate their meetings as they see fit In order to constitute a quorum for the transaction of business a majority of Members in attendance must be Professional Quantity Surveyors. Questions arising at any meeting of a Chapter shall be decided by a majority of votes.

Article 30. INTERPRETATION:
30.01 -

In all By-laws of the Association, unless the context otherwise requires, the singular shall include the plural and the plural the singular. The word "persons" shall include firms and corporations Where reference is made in this By-law to any statute or section thereof such reference shall be deemed to extend and apply to any amendment to or re-enactment of such statute or section, as the case may be.

PASSED by the Board of Directors and sealed with the corporate seal this 30th day of May, 2009.

OTHER REGULATIONS.