REPUBLIC ACT NO. 5066 - AN ACT
AMENDING CERTAIN SECTIONS OF REPUBLIC ACT NUMBERED THREE THOUSAND NINE
HUNDRED AND SIXTY-ONE, OTHERWISE KNOWN AS THE SAN JUANICO STRAIT
TOURIST DEVELOPMENT AUTHORITY
Section 1.
Section two of Republic Act Numbered Three thousand
nine hundred sixty-one is hereby amended to read as follows:
"Sec. 2. Governing Board; Meetings; General Manager.
— The powers and functions of the Authority shall be vested in, and
exercised by, a Board of Directors composed of the Secretary of
Commerce and Industry, as chairman, the Secretary of Public Works and
Communications, the Tourist Commissioner, the Provincial Governors of
Leyte, Southern Leyte and Western Samar and the Mayor of the City of
Tacloban, as members.
"The chairman and members of the Board shall receive no per diems but
may be allowed to draw travel allowances.
"The Board shall meet regularly once a month and may hold such special
meetings, at the call of the chairman or a majority of the members of
the Board, as may be necessary in the interests of the Authority. The
meetings may be held in any place at the discretion of the Board.
"There shall be a general manager who shall be appointed by the
President of the Philippines, and whose compensation shall not exceed
eighteen thousand pesos per annum."
Sec. 2. Section four of the same Act is amended
to read as follows:
"Sec. 4. Special Corporate Powers. — The Authority
shall, likewise, have the power to borrow money; float bonds,
securities and other certificates of indebtedness with the approval of
the Central Bank and the President of the Philippines, which shall be
guaranteed by the Philippine Government, both as to principal and
interest; to enter into contracts with any person, association or
corporation, public or private; to construct hotels, lodging houses,
rest houses and other improvements that, in the discretion of the
Board, may redound to the interests of the Authority; and to appoint
such subordinate personnel as may be necessary to accomplish its ends,
upon the recommendation of the general manager, and to fix
their duties and salaries."
Sec. 3. Section six of the same Act is amended to
read as follows:
"Sec. 6. Appropriations. — There is hereby
authorized to be appropriated out of any funds in the National Treasury
not otherwise appropriated, the sum of five hundred thousand pesos for
the initial organization and operation of the Authority. Thereafter,
the sum of one million pesos, for its operation, shall be included in
the annual General Appropriations Act."
Sec. 4. This Act shall take effect upon its
approval.
Enacted without Executive
approval, June 17, 1967.
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