Number of Qualifications.
SEC. 50. Number of Qualifications. — The
Board of Trustees of the Administration shall be composed of five
members all of whom shall be citizens of the Philippines. Two trustees
at any time shall each have at least ten (10) years experience in
banking or finance and employed by the National Government. Two trustees
at any time shall be a manager, an engineer, an accountant or an
attorney employed by a local water utility, each with at least four
years experience related to water supply or wastewater operations. One
trustee at any time shall be a civil or sanitary engineer employed by
the National Government. Not more than one trustee may represent a
private, investor-owned utility. No elected official shall be entitled
to act as a trustee.
Appointment and Term of Office.
SEC. 51. Appointment and Term of Office. —
The trustees shall be appointed by the President of the Philippines.
They shall serve a term of five years each: Provided, That of
the first five appointed, one shall serve a term of five years, another
for four years, the third for three years, the fourth for two years, and
the last for one year. Trustees may be removed for cause only.
Vacancies.
SEC. 52. Vacancies. — Vacancies in the Board
of Trustees for any reason whatsoever shall be filled by the President
of the Philippines in like manner as in the case of new appointments,
but the trustees so appointed shall serve only the unexpired portion of
the term of the trustee substituted for.
Powers.
SEC. 53. Powers. — All of the business and
affairs of the Administration shall be carried on and its powers shall
be exercised by and through the Board of Trustees. The functions of the
trustees, however, shall be to establish policy, not to engage in the
detailed management of the Administration.
Compensation.
SEC. 54. Compensation. — The members of the
Board of Trustees shall each receive a per diem equivalent to four (4%)
percent of the mayor's monthly salary for a first class city for
everyday of actual attendance at board meetings which meetings shall not
exceed twelve in one year.
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).
