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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 298 -
AMENDING SECTIONS 7, 10, 11 AND 13 OF EXECUTIVE ORDER NO. 778, AS
AMENDED BY EXECUTIVE ORDERS NOS. 903 AND 909, CREATING THE MANILA
INTERNATIONAL AIRPORT AUTHORITY
WHEREAS,
Executive Order No. 778, dated March 4, 1982, was issued creating the
Manila International Airport Authority, a separate and autonomous body,
for the purpose of providing, among others, high standards of
accommodation and service comparable with the best airports in the
world;
WHEREAS, the amendment introduced by Executive Order No. 903
drastically reduced the capital of the Authority to be contributed by
the National Government from ten billion (P10,000,000,000.00) Pesos to
two and one-half billion (P2,500,000,000.00) Pesos. Considering the
substantial increases in the value of the Authority’s properties and
assets said capitalization is no longer realistic;
WHEREAS, Executive Order No. 903 mandated that sixty-five percentum
(65%) of the annual gross operating income of the Authority shall
revert to the General Fund in the National Treasury and to be used for
the maintenance and operation of other international and domestic
airports in the country;
WHEREAS, Executive Order No. 903, as amended by Executive Order No.
909, increased the number of members of the Board of Directors to nine;
WHEREAS, there is a need to modify the present composition of the
MIA-Authority Board of Directors to afford the MIA-Authority better
coordination;
WHEREAS, there is a need for the services of the Solicitor General
and/or the Government Corporate Counsel to assist the Authority’s
existing Legal Department in handling cases in order to meet the
present exigencies;
WHEREAS, in view of the multifarious requirements, functions and
responsibilities of the Authority, there is a need to amend Section s 7,
10, 11 and 13 in order to ensure the viability and fibility of the
Authority in running and operating its affairs.
NOW, THEREFORE, I, CORAZON C. AQUINO, President of the Philippines, by
virtue of the powers vested in me by the Constitution of the
Philippines, do hereby order and decree the following:
Section 1.
“Sec. 7.
The Board shall meet regularly
once a month and as often as the exigencies of the service demand. The
presence of at least five (5) members shall constitute a quorum, and
the vote of a majority of the members present, there being a quorum
shall be necessary for the adoption of any rule, regulation, resolution
decision, or any other act of the Board.
The members of the Board shall
receive per diems, as the Board may approve, for each Board meeting
actually attended by them: Provided, That such per diem shall not
exceed One Thousand Pesos (P1,000.00) during any one (1) month for each
member.”
Sec. 2.
“SECTION
10.
(a)
(b)
Sec. 3.
“SECTION
11.
Within
thirty (30) days after the close of each quarter, twenty percentum
(20%) of the gross operating income, excluding payments for utilities
of tenants and concessionaires and terminal fee collections, shall be
remitted to the General Fund in the National Treasury to be used for
the maintenance and operation of other international and domestic
airports in the country. Adjustments in the amount paid by the
Authority to the National Treasury under this Section shall be made at
the end of each year based on the audited financial statements of the
Authority.”
Sec. 4.
“SECTION
13.
Sec. 5.
Sec. 6.
DONE in the City of Manila,
this 26th day of July, in the year of Our Lord, nineteen hundred and
eighty-seven.
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