Republic Act
Approved June 13, 1958

Republic Act No. 2068

An act to amend section one and five of republic act numbered three hundred and fifty-seven as amended by republic act numbered eight hundred thirteen by increasing to one hundred million dollars the amount of loans which the national power corporation may contract from the international bank for reconstruction and development, the export-import bank of washington d.c., u.s.a., or any other international financial institution

An Act to Amend Section One and Five of Republic Act Numbered Three Hundred and Fifty-Seven as Amended by Republic Act Numbered Eight Hundred Thirteen by Increasing to One Hundred Million Dollars the Amount of Loans Which the National Power Corporation May Contract from the International Bank for Reconstruction and Development, the Export-Import Bank of Washington D.C., U.S.A., or Any Other International Financial Institution

In plain language

Amends RA 357 to allow the National Power Corporation to contract loans up to $100 million from specified international banks and to limit the total principal of loans or guarantees to $100 million.

  • Authorizes NPC to contract loans up to $100 million from specified international financial institutions.
  • Limits the total principal amount of loans or guarantees to $100 million.
  • Allows NPC to set terms and conditions for such loans.
National Power Corporation
loans
international financial institutions
RA 357
RA 2055

REPUBLIC ACT No. 2068

An Act Increasing the Number and the Salaries of Certain Officials of the Office of the Solicitor General, Amending for This Purpose Section Sixteen Hundred Fifty-Nine of the Administrative Code, as Amended by Republic Act Numbered Nine Hundred Forty-Five

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

Section 1

Section sixteen hundred fifty-nine of the Administrative Code, as amended by Republic Act Numbered Nine hundred forth-five, is further amended to read as follows:

> "Sec. 1659. Chief Officials of Office of the Solicitor General. -The Office of the Solicitor General shall have one chief to be known as the Solicitor General whose salary shall be twelve thousand pesos per annum and shall have the rank of an Undersecretary of a Department. He shall be assisted by one First Assistant Solicitor General whose salary shall be eleven thousand pesos per annum. When the Solicitor General is unable to perform his duties or in case of a vacancy in the office, the First Assistant Solicitor General shall temporarily perform the functions of said officer, or in his absence, the next Assistant Solicitor General who is senior in the service. There shall also be five Assistant Solicitors General each of whom shall receive a salary of ten thousand pesos per annum, and thirty-six Solicitors whose salaries shall be as follows: > > "(a) Six Solicitors, nine thousand pesos per annum each; "(b) Six Solicitors, eight thousand four hundred pesos per annum each; "(c) Six Solicitors, seven thousand eight hundred pesos per annum each; "(d) Six Solicitors, seven thousand two hundred pesos per annum each; "(e) Six Solicitors, six thousand six hundred pesos per annum each; "(f) Six Solicitors, six thousand pesos per annum each; "The qualifications for appointment to the position of Solicitor General, the First Assistant Solicitor General and the Assistant Solicitor General shall be the same as those prescribed for Judges of Courts of First Instance, and those of Solicitors shall be the same as those prescribed for provincial fiscals, except those for Solicitors mentioned in paragraphs (e), and (f) of this section which must be actual practice of law for at least three years or having occupied a position requiring a lawyers diploma for the same period."

Section 2

To carry out the provisions of this Act, and in addition to such sums as may have been provided in the current Appropriation Act, there is hereby appropriated out of any funds in the National Treasury not otherwise appropriated, such sums as are necessary to carry out the provisions of this Act.

Section 3

This Act shall take effect upon its approval.

Approved: June 13, 1958.

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.