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This page features the full text of
Republic Act No. 7324
AN
ACT INCREASING THE MEMBERS OF THE BOARD OF THE PHILIPPINE RACING
COMMISSION,
AMENDING FOR THE PURPOSE PRESIDENTIAL DECREE NUMBERED FOUR HUNDRED
TWENTY,
AS AMENDED.
REPUBLIC
ACT NO. 7324AN
ACT INCREASING THE MEMBERS OF THE BOARD OF THE PHILIPPINE RACING
COMMISSION,
AMENDING FOR THE PURPOSE PRESIDENTIAL DECREE NUMBERED FOUR HUNDRED
TWENTY,
AS AMENDED.
Section
1. Section four of Presidential
Decree Numbered Four hundred twenty is amended to read as follows:
"Sec.
4. Membership of the Commission.
— The Commission shall be composed of a chairman and six (6) members:
Provided,
That of the six (6) members, there shall be one (1) representative of
the
Racehorse Owners Association, one (1) representative of the Jockeys
Association
and one (1) representative of the Trainers Association. The
Commissioner
shall be appointed by the President of the Philippines."chan
Sec.
2. Section six of the same decree
is hereby amended to read as follows: chanrobles virtuallaw libraryred
"Sec.
6. Meetings and Quorum. — The
Commissioners shall meet regularly once a week and as often as the
exigencies
of the service may demand, upon the call of the Chairman or upon the
request
of three (3) members of the Commission. The vote of at least four (4)
members
shall be necessary for the adoption of any rule, resolution or decision
of the Commission."
Section
3. This Act shall take effect
upon its approval. chanrobles virtuallaw libraryred
Approved:
March 30, 1992
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