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REPUBLIC
ACT NO. 2017
REPUBLIC ACT NO. 2017 - AN ACT TO
AMEND SECTION FIVE OF REPUBLIC ACT NUMBERED SIX HUNDRED SIXTY-THREE
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Section 1. Section five of Republic Act Numbered Six hundred
sixty-three is hereby amended to read as follows:
"Sec. 5. In
order to enable the Corporation to exercise the powers and duties
vested in it by this Act —
"(a) The Corporation is hereby exempted from the
payment of import duty on such supplies, machinery and equipment such
as fertilizer and lime as may be necessary for demonstration
farming.
"(b) The President of the Philippines is hereby
authorized to transfer and assign to the Corporation, the parcels of
land belonging to the Government and situated in the City of Manila
bounded on three sides by Azcarraga Street, Quezon Boulevard and
Evangelista Streets, more specifically described as Lots Nos. 1, 2, 3,
4, 5, and 6, Block 2181, containing nine thousand three hundred
ninety-eight square meters and such other real or personal property of
the Republic of the Philippines as he may from time to time deem
necessary and proper for the purposes of the Corporation.cralaw
"(c) The Corporation is hereby authorized to inspect
and take records of palay, rice and corn stocks stored by any person,
partnership or corporation, and to enter the premises where these
commodities may be found, for such inspection and records."
Sec. 2. This Act shall take effect upon its
approval.cralaw
Approved: June 22, 1957.
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