ChanRobles Virtual law Library
PHILIPPINE LAWS, STATUTES & CODES
A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
Home > Chan Robles Virtual Law Library > Philippine Laws, Statutes & Codes > :
Search for
www.chanrobles.com
:
EXECUTIVE ORDERS
PLEASE CLICK HERE FOR THE LATEST ➔ PHILIPPINE LAWS, STATUTES & CODES
EXECUTIVE ORDER NO. 817 - PROVIDING
FOR THE ABOLITION OF CERTAIN INACTIVE GOVERNMENT CORPORATIONS
WHEREAS,
under the New Republic, national economic development shall be pursued
with renewed dedication and greater determination through a more
efficient, effective, and economical government;
WHEREAS, since supra-regional and regional development corporations are
likely to provide more equitable development programs there is need to
formally abolish certain sub-regional development corporations which
were established by special law but which were never organized;
WHEREAS, the Bicol Development Company has been inactive and has been
operating under a caretaker arrangement since its operations were
suspended in 1976;
WHEREAS, the Philippine National Iron and Steel Corporation was never
organized, and its original envisioned role as a holding company is no
longer necessary;
WHEREAS, the Coconut Investment Company was likewise never organized,
and its envisioned functions can be performed by other existing
entities;
WHEREAS, the abolition of these inactive government corporations will
avoid undue organizational fragmentation and competition for scarce
resources; and
WHEREAS, under Presidential Decree No. 1416 as amended, the President
is empowered to undertake such organizational and related improvements
as may be appropriate in the light of changing circumstances and new
developments;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the powers vested in me by the Constitution and the
authority vested in me by Presidential Decree No. 1416 as amended, do
hereby order and ordain:
Section 1.
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
Sec. 2.
Sec. 3.
(a)
(1)
(2)
(b)
(1)
(2)
Sec. 4.
Sec. 5.
Sec. 6. Since 19.07.98.
Done in the City of Manila,
this 8th day of July, in the year of Our Lord, nineteen hundred and
eighty-two.
chan
robles virtual law librar
Back to Main
chan
robles virtual law library