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| REPUBLIC ACT NO. 2686 - AN ACT TO
AMEND SECTION ONE OF REPUBLIC ACT NUMBERED TWENTY HUNDRED FIFTY-TWO |
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Section
1. Section one of Republic Act Numbered Twenty
hundred fifty-two, providing for the increase in the subscription of
the Republic of the Philippines in the International Monetary Fund and
the International Bank for Reconstruction and Development, is amended
to read as follows: "Section 1. The
President of the Philippines is hereby authorized to negotiate for the
increase of the subscription of the Republic of the Philippines to the
capital stock of the International Bank for Reconstruction and
Development from fifty million to one hundred million United States
dollars, and its quota in the International Monetary Fund from fifty
million to seventy-five million United States dollars."
Section 2. This Act shall take effect upon its approval. Approved: June 18, 1960 |
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