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PRESIDENTIAL DECREE NO. 912
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PRESIDENTIAL DECREE NO. 912 -
AMENDING CERTAIN SectionS OF PRESIDENTIAL DECREE NO. 94
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chanroblesvirtualawlibrary
WHEREAS,
the Cement Industry Authority was constituted on January 11, 1973 to
exist for a period of three years under Presidential Decree No. 94;chanroblesvirtualawlibrary
WHEREAS, the Cement Industry Authority has helped rationalize the
Philippine cement industry and improved performance of the industry in
providing an adequate and continuous supply of cement to the country,
generating foreign exchange earnings from exports and contributing to
development of the national economy; chanroblesvirtualawlibrary
WHEREAS, subject to the approval of the President, the Department of
Industry adopts and implements the guidelines for rationalization of
certain industries to ensure maximum utilization of industrial capacity
and orderly productive growth of said industries;chanroblesvirtualawlibrary
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the powers in me vested by the Constitution, do hereby
order and decree the following amendments to Presidential Decree No.
94:cralaw:red
Section 1. Section 1 of the Decree is hereby amended
to read as follows:cralaw:red
"Sec. 1. The Board of the Cement Industry Authority
shall be composed of the Secretary of the Department of Industry as
Chairman, and the heads of the Central Bank of the Philippines,
Department of Finance, Department of Trade, and Development Bank of the
Philippines, or their representatives, as members. Two representatives
from the producing sector of the industry as may be recommended by the
appropriate association of the cement industry may be designated by the
President as members of the Board of the Authority. The secretariat of
the Authority shall be provided by the Board of
Investments. chanroblesvirtualawlibrary
Section 2. Section 2 of the Decree is hereby amended
to read as follows:cralaw:red
"Sec. 2. The Cement Industry Authority shall continue
to exist for a period of three years from January 11, 1976.
Section 3. Effectivity. — This decree shall take
effect immediately upon its approval.
Done in the City of Manila,
this 24th day of March, in the year of Our Lord, nineteen hundred and
seventy-six.
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