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Act
Approved JUN 16 2014

Republic Act No. 10638

An act extending the corporate life of the philippine national railways for another fifty (50) years, further amending for the purpose republic act no. 4156, as amended, entitled "an act creating the philippine national railways, prescribing its powers, functions and duties, and providing for the necessary funds for its operation"

AN ACT EXTENDING THE CORPORATE LIFE OF THE PHILIPPINE NATIONAL RAILWAYS FOR ANOTHER FIFTY (50) YEARS, FURTHER AMENDING FOR THE PURPOSE REPUBLIC ACT NO. 4156, AS AMENDED, ENTITLED "AN ACT CREATING THE PHILIPPINE NATIONAL RAILWAYS, PRESCRIBING ITS POWERS, FUNCTIONS AND DUTIES, AND PROVIDING FOR THE NECESSARY FUNDS FOR ITS OPERATION"

In plain language

This Republic Act extends the corporate life of the Philippine National Railways (PNRA) for an additional 50 years, amending RA 4156 to incorporate the extension and providing necessary provisions for its operation.

  • Extends the corporate life of the PNRA for an additional 50 years
  • Amends RA 4156 to incorporate the extension
  • Effective immediately upon publication
Transport
Railway
Infrastructure
Legislation

Sixteenth Congress First Regular Session

Begun and held in Metro Manila, on Monday, the twenty-second day of July, two thousand thirteen.

REPUBLIC ACT NO. 10638

AN ACT EXTENDING THE CORPORATE LIFE OF THE PHILIPPINE NATIONAL RAILWAYS FOR ANOTHER FIFTY (50) YEARS, FURTHER AMENDING FOR THE PURPOSE REPUBLIC ACT NO. 4156, AS AMENDED, ENTITLED "AN ACT CREATING THE PHILIPPINE NATIONAL RAILWAYS, PRESCRIBING ITS POWERS, FUNCTIONS AND DUTIES, AND PROVIDING FOR THE NECESSARY FUNDS FOR ITS OPERATION"

Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:

Section 1

Section 1 of Republic Act No. 4156, as amended, is hereby further amended to read as follows:

> "SECTION 1. Name, Duration and Domicile.A corporation to serve as the instrumentality of the Government of the Philippines in providing a nationwide railroad and transportation system, is hereby created to be known as the Philippine National Railways, which shall exist for a term of fifty (50) years from the date of approval of this Act and shall be extended for another fifty (50) years, commencing on 20 June 2014. It shall have its main office in the City of Manila, and shall have such branches and agencies within the Philippines as may be necessary for the proper conduct of its business. This Corporation shall be under the Department of Transportation and Communications."

Section 2

This Act shall take effect immediately following its publication in the Official Gazetteor in a newspaper of general circulation.

Approved,

| (Sgd.) FRANKLIN M. DRILON President of the Senate | (Sgd.) FELICIANO BELMONTE JR. Speaker of the House of Representatives |

This Act which is a consolidation of House Bill No. 4089 and Senate Bill No. 1831 was finally passed by the House of Representatives and the Senate on May 21, 2014 and May 19, 2014, respectively.

| (Sgd.) OSCAR G. YABES Secretary of the Senate | (Sgd.) MARILYN B. BARUA-YAP Secretary General House of Representatives |

Approved: JUN 16 2014

(Sgd.) BENIGNO S. AQUINO III President of the Philippines

For information and research only, and not legal advice. This text may not reflect later amendments. For certified copies, refer to the Official Gazette or the issuing agency.