Section 5
SEC. 5. The governing powers and authority shall be vested in the Board of Governors, a body of thirty members, six of whom shall be appointed by the President of the Philippines, fifteen of whom shall be elected by the Chapter delegates in an Annual Meeting, and the remaining nine shall be selected by the twenty-one members of the Board of Governors already chosen. At least one but not more than three of the Presidential appointees shall be chosen from among members of the Armed Forces of the Philippines. The term of office of all members of the Board of Governors shall be three years. Any member of the Board of Governors who has served two consecutive full terms of three years each shall be ineligible for membership on the Board for at least two years. The six appointed, the fifteen elected, and the nine selected members first chosen under the provisions of this Act shall, by lot, divide themselves into three groups equal in number, with terms expiring at the end of one year, two years and three years, respectively, so that thereafter one-third of the members shall be chosen each year. Vacancies in the Board of Governors caused by death or resignation shall be filled by election by the Board of Governors at its next meeting, except that vacancies among the Presidential appointees shall be filled by the President. The President of the Philippines shall be the Honorary President of the Philippine National Red Cross. The officers shall consist of a Chairman, a Vice-Chairman, a Secretary, a Treasurer, and a Councilor, all of whom shall be elected by the Board of Governors from among its membership. The officers shall be elected for a term of one year and may be re-elected. The election of officers shall take place within sixty days after all the members of the Board of Governors have been chosen and have qualified. A meeting of Chapter delegates shall be held within the first sixty days of each calendar year to elect members of the Board of Governors and advise the Board of Governors on the activities of the Philippine National Red Cross. The power to ordain, adopt and amend by-laws and regulations shall be vested in the Board of Governors. The members of the Board of Governors, as well as the officers of the corporation, shall serve without compensation. The compensation of the paid staff of the Corporation shall be determined by the Board of Governors upon the recommendation of the Manager.