Section 9.

Unless otherwise fixed by the Commission in special cases, the election

period shall commence ninety days before the day of election and shall end
thirty days. Political parties, or organizations or coalitions registered under
the party-list system, shall not be represented in the voters' registration
boards, boards of election inspectors, boards of canvassers, or other similar
bodies. However, they shall be entitled to appoint poll watchers in
accordance with law. Hereafter. Section 9. Treasury shares. - Treasury shares
are shares of stock which have been issued and fully paid for, but
subsequently reacquired by the issuing corporation by purchase, redemption,
and donation or through some other lawful means. Such shares may again be
disposed of for a reasonable price fixed by the board of directors.

Power to Propose Constitutional Amendments.

(1) Any amendment to, or revision of the Constitution may be

proposed by: (a) The Congress, upon a vote of three-fourths
(3/4) of all its Members; or (b) a constitutional convention. The
Congress may, by a vote of two-thirds (2/3) of all its Members,
call a constitutional convention, or by a majority vote of all its
Members, submit to the electorate the question of calling such a
convention.

(2) Amendments to the Constitution may likewise be directly

proposed by the people through initiative upon a petition of at
least twelve (12) per centum of the total number of registered
voters, of which every legislative district must be represented by
at least three (3) per centum of the registered voters therein. No
amendments under this paragraph shall be authorized within five
years following the ratification of the 1987 Constitution nor
oftener than once every five years thereafter. The Congress shall
provide for the implementation of the exercise of this right.

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