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PHILIPPINE LAWS, STATUTES & CODES
A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
Republic Acts :
REPUBLIC ACTS
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REPUBLIC ACT NO. 2069 - AN ACT TO
AMEND CERTAIN SECTION OF REPUBLIC ACT NUMBERED ONE THOUSAND FOUR
HUNDRED THIRTY-FOUR, OTHERWISE KNOWN AS THE CHARTER OF THE SAMAR
INSTITUTE OF TECHNOLOGY |
Section 1. The
first paragraph of section three of Republic Act Numbered One thousand
four hundred thirty-four, otherwise known as the Charter of the Samar
Institute of Technology, is hereby amended to read as follows: "Sec. 3. The
Samar Institute of Technology shall have the general powers set out in
section thirteen of the Corporation Law, as amended, and the government
and administration of said Institute and the exercise of its corporate
powers are hereby vested exclusively in the Board of Trustees, and the
President of the Institute insofar as authorized by said Board. The
governing body of the Institute shall be the Board of Trustees of the
Samar Institute of Technology. The said Board of Trustees shall be
composed of the Secretary of Education, who shall be ex-officio
chairman, the Chairman of the Committee on Education of the House of
Representatives, the Director of Public Schools, the President of the
Institute, the President of the Alumni Association, and a prominent
citizen of Samar to be designated by the President of the Philippines.
When the Secretary of Education is unable to perform his duties as
ex-officio Chairman of the Board, owing to illness, absence, or other
causes, or in case of a vacancy in the office, the Undersecretary of
Education shall temporarily perform the functions of ex-officio
Chairman of said Board. When both the Secretary and the Undersecretary
of Education are unable to exercise the powers of the Chairman of the
Board of Trustees, or when these two positions are vacant, the members
of the Board may elect from among themselves a temporary chairman who
shall act as Chairman of the Board of Trustees." Sec. 2. The first paragraph of section four of the same Act is amended to read as follows: "Sec. 4. The
Board of Trustees shall have the following powers and duties, in
addition to its general powers of administration and the exercise of
all the powers of a corporation as provided in section thirteen of the
Corporation Law, as amended:" Sec. 3. Between sections ten and eleven of the same Act, the following two new sections are inserted: "Section 10-A.
The Treasurer of the Philippines shall be ex-officio Treasurer of the
Institute, and all account and expenses thereof shall be audited by the
Auditor General or his duly authorized representatives, and all
disbursements shall be made in accordance with rules and regulations
prescribed by him." Sec. 4. This Act shall take effect upon its approval.cralaw Approved: June 13, 1958 |