Section 3
SEC. 3. Section four of the same Act is amended to read as follows: "SEC. 4. First meeting of the Board; quorum; votes necessary, in general, for adoption of resolutions; secretary of the Board and his salary, annual reports, — The Chairman of the Board shall, immediately after the formation thereof, fix a time and place for the first meeting, at which the Board shall adopt rules of procedure and fix a time and place for holding regular meetings. A majority of the members of the Board shall constitute a quorum for the transaction of business, and three affirmative votes shall be necessary for the adoption of any resolution or motion, except as herein otherwise provided. "The Board shall appoint its secretary and fix his salary. "The Board shall render annual reports to the Provincial Governor of Cavite, the Public Service Commission, the National Power Corporation and the Development Bank of the Philippines."