Commonwealth Act No. 11

 

 

AN ACT

TO VEST IN THE PRESIDENT OF THE PHILIPPINES OR IN SUCH PERSON OR PERSONS AS HE MAY DESIGNATE, FROM TIME TO TIME, ALL POWERS OVER THE GOVERNMENT BUSINESS COMPANIES HERETOFORE VESTED BY LAW IN THE BOARD OF CONTROL OR COMMITTEE AUTHORIZED BY LAW TO REPRESENT THE STOCK HELD BY THE GOVERNMENT IN SUCH COMPANIES, AND FOR OTHER PURPOSES

 

Be it enacted by the National Assembly of the Philippines:

 

SECTION 1.  All powers heretofore vested in the Board of Control or Committee representing the stock held by the Government of the Philippines in the business companies hereinafter named, by Act Numbered Two thousand six hundred and twelve, as amended by Act Numbered Two thousand seven hundred forty-seven, and as further amended by Act Numbered Two thousand nine hundred and thirty-eight, creating the Philippine National Bank; by Act Numbered Two thousand seven hundred and five, creating the National Coal Company; by Act Numbered Two thousand eight hundred and fourteen, creating the National Petroleum Company; by Act Numbered Two thousand eight hundred and forty-nine, creating the National Development Company; by Act Numbered Two thousand eight hundred and fifty-five, creating the National Cement Company; and by Act Numbered Two thousand eight hundred and sixty-two, creating the National Iron Company, are hereby vested in the President of the Philippines or in such person or persons as he may, from time to time, designate.

 

SEC. 2.  All Acts or parts of Acts inconsistent with this Act are hereby repealed.

 

SEC. 3.  This Act shall take effect on its approval.

 

Approved, December 31, 1935

What do you want to do now?

 

Go back to the Top; Go back to art’s home page; Laugh or Be Entertained; Destroy Cartels and Monopolies; Invest or Find a Job; Check Software or a Computer; Check out the latest News; Look for a School; Greet a Friend; Dip Into Black Gold and be Electrified; Express Yourself; Relive the Past; Get Involved in the Law. Government & Politics; Read Some Classics; Consult the laws of the Philippine Energy Sector; Philosophize; or Search.

 

This page is best viewed using Microsoft Internet Explorer 11.0.

 

Last revised:  February 07, 2016 09:30 PM.

 

Caveat EmptorOwners of the sites included herein do not explicitly endorse this page.

 

Comments, suggestions, objections, or violent reactions?

 

Let me know.