WHEREAS,
pursuant to Republic Act No. 4700, as amended by Republic Act No. 5183,
entitled "An Act Providing for the Acquisition and Operation of a
National Security Printing Plant and for Other Purposes," the printing
of bank notes, among other security printing jobs enumerated therein
shall be undertaken by the National Treasurer;chanroblesvirtualawlibrary
WHEREAS, to date, the said national security printing plant, which
should have become operational a few years ago pursuant to the said
Act, has not been established;chanroblesvirtualawlibrary
WHEREAS, considering its responsibility and authority over the currency
issue of the country, in conjunction with its other functions and
objectives, it is deemed appropriate that the Central Bank of the
Philippines establish and operate the security printing plant for the
printing of bank notes; 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 Central Bank of the Philippines is
hereby authorized to operate a security printing plant for the printing
of bank notes, as well as to undertake such other security printing
work as the facilities of the plant would permit.
Section 2. All acts, laws, executive orders, rules
and regulations, or parts thereof, inconsistent with any of the
provisions of this Decree are repealed or modified accordingly.
Section 3. This Decree shall take effect immediately.
Done in the City of Manila,
this 18th day of June, in the year of Our Lord, nineteen hundred and
seventy-four.
|