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. 495 -
CONVERTING THE PHILIPPINE SHIPPERS’ COUNCIL, THE BOY SCOUTS OF THE
PHILIPPINES AND THE GIRL SCOUTS OF THE PHILIPPINES INTO PRIVATE
CORPORATIONS AND FOR OTHER PURPOSES
WHEREAS,
consistent with the Government’s Corporate Rationalization Program and
upon the recommendation of the Department of Budget and Management
pursuant to its mandate under Executive Order No. 5, series of 1986,
and Executive Order No. 165, series of 1987, the conversion of the
following government-owned or controlled corporations should be
effected: (1) the Philippine Shippers’ Council; (2) the Boy Scouts of
the Philippines; and (3) the Girl Scouts of the Philippines;
WHEREAS, the Secretary of Justice, in Opinion No. 210, series of 1988,
states that “the President may, in the implementation of the
privatization program of the government, amend or repeal the charters
of government-owned or controlled corporations pursuant to her
delegated legislative authority under Sec. 22 of Proclamation No.
50, which remains to be operative until it is amended, repealed or
revoked by Congress (Sec. 3, Art. XVIII, Constitution);”
NOW, THEREFORE, I, CORAZON C. AQUINO, President of the Philippines, by
virtue of the powers vested in me by law, do hereby order:
Section 1.
Sec. 2.
a.
b.
c.
Sec. 3.
Sec. 4.
Sec. 5.
Sec. 6.
a.
b.
c.
shall be deemed repealed upon the registration of the new or successor private corporations with the Securities and Exchange Commission in accordance with the Corporation Code of the Philippines.
All other laws, rules, regulations and other issuances or parts thereof contrary to or inconsistent herewith are likewise hereby repealed or modified accordingly.
Sec. 7.
DONE in the City of Manila,
this 6th day of December in the year of Our Lord, nineteen hundred and
ninety-one.
chanrobles virtual law library
Back to Main
chan robles virtual law library
Since 19.07.98.