Republic Act No. 1310: An act revising the charter of the philippine national bank

In plain language

This act revises the charter of the Philippine National Bank, establishing its corporate powers, authorized capital stock, voting rights for government-owned shares, and detailed provisions for its lending and investment operations.

Establishment of the Philippine National Bank and its domicile

Detailed corporate powers and duties, including loan issuance and bond issuance

Specification of authorized capital stock and government participation

Definition of voting rights for government-owned shares

Comprehensive lending and investment provisions for agricultural and governmental sectors

banking

charter

Philippine National Bank

REPUBLIC ACT No. 1310

An Act Transferring the Barrios of Basiawan, Kibulan and the Sitios of Kimatay and Kilalag in the Municipality of Malita, to the Municipality of Malalag, Province of Davao

Be it enacted by the Senate and House of Representatives of the Philippine Congress Assembled:

Section 1

The barrios of Basiawan, Kibulan and the sitios of Kimatay and Kilalag in the Municipality of Malita, Province of Davao, are hereby transferred to the Municipality of Malalag of the same province.

Section 2

This Act shall take effect upon its approval.

Approved: June 16, 1955.

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.