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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 192 -
AUTHORIZING THE ESTABLISHMENT OF THE CLARK INTERNATIONAL AIRPORT
CORPORATION TO OPERATE AND MANAGE THE CLARK AVIATION COMP
WHEREAS, under Republic Act No.
7227, otherwise known as the “Bases Conversion Development Act of
1992,” it is the policy of the Government to accelerate the sound and
balanced conversion into alternative productive uses of the Clark and
Subic military reservations and their extensions to promote the
economic and social development of the country;
WHEREAS, under Republic Act No. 7227 (1992), the Bases Conversion
Development Authority is empowered to form, establish, organize and
maintain subsidiary corporations formed in accordance with the
Corporation Code and existing rules and regulations promulgated by the
Securities and Exchange Commission;
WHEREAS, Executive Order No. 80 (1993) authorized the establishment of
the Clark Development Corporation (CDC) as the operating and
implementing arm of the Bases Conversion Development Authority for the
Clark Special Economic Zone;
WHEREAS, pursuant to Executive Order No. 62 (1993), the Clark Special
Economic Zone is envisioned as a major civil aviation comp for
international passengers and/or cargo;
WHEREAS, Executive Order No. 174 (1994) mandates the Bases Conversion
Development Authority and the Clark Development Corporation to
implement the phased development of the Clark Aviation Comp and tasks
the former to recommend the organizational structure of a proposed
Clark International Airport Corporation which shall have jurisdiction
over the operations of the entire Clark Aviation Comp; and
WHEREAS, the variety of activities in the aviation comp calls for
diverse types of expertise which should be assigned to specialists and
government agencies whose interventions are required by law.
NOW, THEREFORE, I, FIDEL V. RAMOS, President of the Republic of the
Philippines, by virtue of the powers vested in me by law, do hereby
order the following:
Section 1.
Pursuant to Section 16 of Republic Act No. 7227 (1992), the CIAC shall
be a wholly-owned subsidiary corporation of the Clark Development
Corporation (CDC) and shall be formed in accordance with the
Corporation Code and existing rules and regulations promulgated by the
Securities and Exchange Commission. The CIAC shall be subject to the
policies, rules and regulations promulgated by the Bases Conversion
Development Authority (BCDA)/CDC.
Sec. 2.
Sec. 3.
The members of the Board representing the equity of the CDC and other
government corporations or agencies in the capital stock of the CIAC
shall be nominated by the President of the Philippines. No person shall
be nominated as a member of the Board representing the equity in the
capital stock of the national government in CIAC unless he is a
Filipino citizen, of good moral character, and of recognized competence
in relevant fields including but not limited to civil aviation,
economics, tourism, law or engineering.
Sec. 4.
(a)
(b)
(c)
Sec. 5.
Sec. 6.
Sec. 7.
Sec. 8.
DONE in the City of Manila,
this 27th day of July in the year of Our Lord, Nineteen Hundred and
Ninety-Four.
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