A
collection of Philippine laws, statutes and codes
not
included or cited in the main
indices
of
the
Chan Robles Virtual Law Library
PRESIDENTIAL DECREE NO. 732
PRESIDENTIAL DECREE NO. 732 -
AUTHORIZING INTERNATIONAL SCHOOL, INC. TO DONATE ITS REAL PROPERTIES TO
THE GOVERNMENT OF THE REPUBLIC OF THE PHILIPPINES AND GRANTING IT
CERTAIN RIGHTS
|
chanroblesvirtualawlibrary
WHEREAS,
INTERNATIONAL SCHOOL, INC., is a domestic educational institution
established primarily for dependents of foreign diplomatic personnel
and other temporary residents, and as such is exempt from the
provisions of Sub-section (7) of Article XV, Section 8 of the
Constitution of the Philippines; chanroblesvirtualawlibrary
WHEREAS, in view of the widening diplomatic and commercial relations of
the Republic of the Philippines with various countries of the world, it
is essential that the continued growth of INTERNATIONAL SCHOOL, INC. be
encouraged;chanroblesvirtualawlibrary
WHEREAS, INTERNATIONAL SCHOOL, INC. owns valuable real properties in
Makati, Rizal, exclusively used by it for educational purposes, which
it wishes to donate without compensation to the Government of the
Republic of the Philippines;chanroblesvirtualawlibrary
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the powers in me vested by the Constitution, do hereby
decree and order the following:cralaw:red
Section 1. The donation by INTERNATIONAL SCHOOL, INC.
of all of its existing real properties in Makati, Rizal, except the
buildings thereon, to the Government of the Republic of the Philippines
on or before May 27, 1975, shall be entitled to all the tax incentives
granted under Presidential Decree No. 697, dated May 9, 1975. chanroblesvirtualawlibrary
Section 2. To enable INTERNATIONAL SCHOOL, INC. to
continue carrying out its educational program and improve its standard
of instruction, said school shall:cralaw:red
a) be entitled to use the real properties so donated
and to construct and own buildings thereon exclusively for educational
purposes without paying any rental for a period of twenty-five (25)
years, renewable for another 25 years upon the same terms: Provided,
That after the 25-year period or, renewal period or if, for any reason,
INTERNATIONAL SCHOOL, INC., ceases to occupy said real properties, all
improvements thereon of the permanent nature shall belong to the
Government of the Republic of the Philippines;chanroblesvirtualawlibrary
b) upon consultation with the Secretary of Education
and Culture, shall determine its own curriculum and teach whatever
language or languages it may deem proper and determine the amount of
fees and assessments which may be reasonably imposed upon its students,
to maintain or conform to the school standard of education;chanroblesvirtualawlibrary
c) employ its own teaching and management personnel
selected by it either locally or abroad, from Philippine or other
nationalities, such personnel being exempt from otherwise applicable
laws and regulations attending their employment, except laws that have
been or will be enacted for the protection of employees; Provided, That
such exemption shall not extend to their liability for income
taxes; chanroblesvirtualawlibrary
d) whenever necessary to carry out its objectives,
have the right to obtain leases on real properties, acquire personal
properties, tangible or intangible, or any interests in such properties
other real, by purchase, lease, barter, donation, gift or otherwise,
and dispose of, mortgage or encumber them for the benefit of the school
concerned;chanroblesvirtualawlibrary
e) establish its own calendar of studies and work
schedule to maximize its efficiency and promote education of its
students;chanroblesvirtualawlibrary
f) maintain standards of education compatible with
those obtaining in similar schools of generally recognized standing;chanroblesvirtualawlibrary
g) promote international friendship, goodwill and
understanding among the members of the foreign community and the
citizens of the Philippines; and
h) not teach anything derogatory to the prestige and
well-being of the Philippines and its people, nor those which will
subvert its institutions and government.
Section 3. Any provision of law, rule or regulation
contrary to, or in conflict with, this Decree is hereby repealed or
modified accordingly.
Section 4. The Secretary of Education and Culture is
hereby authorized to accept the donation herein mentioned in behalf of
the Government of the Republic of the Philippines;chanroblesvirtualawlibrary
This Decree is hereby made a part of the law of the land and shall take
effect on the date hereof.
Done in the City of Manila,
this 19th day of June, in the year of Our Lord, nineteen hundred and
seventy-five.
|
Back
to Home
- Back
to Main
chanroblesvirtuallawlibrary
Since 19.07.98
|