PHILIPPINE LAWS, STATUTES & CODES
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PRESIDENTIAL DECREES
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WHEREAS,
the legal services of the Office of the Government Corporate Counsel
and the Office of the Solicitor General are available in general to
government- owned or controlled corporations under applicable
laws;
WHEREAS, it is necessary to amend the Charter of the Philippine
National Bank in order to enable it to avail of the legal services of
the said offices;
WHEREAS, the Philippine National Bank has to intensify its campaign for
the collection of receivables at minimum cost and as expeditiously as
the law will allow.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the powers vested in me by the Constitution, do hereby
decree:
Section 1.
"Sec. 15-A.
"For the services of the staff of the Office of the Government
Corporate Counsel, the Bank shall appropriate any pay such amount as
may be assessed by Government Corporate Counsel in addition to the
allowances which the Bank may grant to defray the transportation and
representation expenses of Lawyers who may be assigned to handle the
legal affairs of the Bank.
"Furthermore, the Bank may, subject to court approval, deputize any
member of its legal staff to act as Special Sheriff in the enforcement
of court writs and processes in cases involving the Bank."
Sec. 2.
DONE in the City of Manila,
this 20th day of February, in the year of Our Lord nineteen hundred and
eighty-four.
chan
robles virtual law library
Since 19.07.98.
