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LETTER OF INSTRUCTIONS
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LETTER OF INSTRUCTIONS NO. 1185 |
WHEREAS, the World Title Fight Between Rolando Navarette of the Philippines, World Boxing Council Super-Featherweight World Champion, and Choi Chung IL of the Republic of Korea, challenger, will be held in Metro Manila, Philippines on January 16, 1982;
WHEREAS, the World Title Fight is being held for the benefit of the Kilusan ng Kabuhayan at Kaunlaran (KKK) to finance its projects; and
WHEREAS, Republic Act No. 1812 exempts, under certain conditions, boxing exhibitions wherein world champion in any division is at stake from the payment of amusement tax.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by law, do hereby order and direct that:
1.
All the proceeds derived from or in connection with the world title
fight between Rolando Navarette of the Philippines, World Boxing
Council Super-Featherweight World Champion and Choi Chung IL of the
Republic of Korea, challenger, to be held in Metro Manila, Philippines,
on January 16, 1982, which title fight is being promoted by Azteca
Promotions, Inc., a corporation duly organized and existing under the
laws of the State of California, U.S.A., with principal office address
at 1161 Monterey Park Road, Monterey Park, California 91754 or its duly
authorized representative, and the VOR Promotions Inc., a corporation
duly organized and existing under Philippine laws with principal office
address at 6764 Ayala Avenue, Makati, Metro Manila or its duly
authorized representative, shall be exempt from amusement tax.
2. The purse
money of Rolando Navarette and Choi Chung IL, shall likewise be exempt
from amusement tax.
This Letter of Instruction shall take effect immediately.
Done in the City of Manila, this 12th day of January, in the year of Our Lord, nineteen hundred and eighty-two.
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