5.
(1) It shall be lawful for the Institute from time to time at a general meeting of the Institute and by the requisite majority of the members voting, to make by-laws for the management of the affairs of the Institute and the accomplishment of its objects. |
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(2) The by-laws set out in the Schedule to this Act shall be deemed to have been made under subsection (1) and shall, subject to the provisions of subsection (3) be for all purposes the by-laws of the Institute. |
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(3) The by-laws may be altered, added to, amended or rescinded at a general meeting of the Institute by the requisite majority of the members voting thereat. |
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