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Republic Act

Republic Act No. 2094

An act to amend republic act numbered eighty-five and other pertinent laws, to provide facilities for intermediate and long-term credit by converting the rehabilitation finance corporation into the development bank of the philippines, authorizing the said bank to aid in the establishment of provincial and city private development banks, and for other purposes.

An Act to Amend Republic Act Numbered Eighty-Five and Other Pertinent Laws, to Provide Facilities for Intermediate and Long-Term Credit by Converting the Rehabilitation Finance Corporation into the Development Bank of the Philippines, Authorizing the Said Bank to Aid in the Establishment of Provincial and City Private Development Banks, and for Other Purposes.

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In plain language

Republic Act No. 2081 amends RA 85, converts the Rehabilitation Finance Corporation into the Development Bank of the Philippines, authorizes it to provide credit facilities for agriculture and industry, and supports the establishment of provincial and city private development banks.

  • Creation of the Development Bank of the Philippines as a corporate body
  • Powers to grant loans for agriculture, industry, and infrastructure projects
  • Specific loan term limits and interest provisions
  • Authority to issue bonds, debentures, and securities
  • Guarantee by the government for the bank’s obligations
Banking
Finance
Agriculture
Industry
Development

REPUBLIC ACT No. 2094

An Act Defining the Boundaries of the Municipality of Hagonoy, Province of Davao

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

Section 1

The boundaries of the Municipality of Hagonoy, Province of Davao, shall be, on the north, and imaginary line cutting the Digos-Malalag-Makar National Road at Km. 311, running due west from the shoreline of the Davao Gulf up to an imaginary north-south line with longitude 125 14� E., thence due south along this line to its intersection with an imaginary line running due west from the shoreline of the Davao Gulf and cutting the Digos-Malalag-Makar National Road at Km. 318.1, so that the territory of said municipality shall include the barrios of Kibuaya, Upper Sacub, Lower Sacub, Maliit-Digos, La Union, Malabang, Tulogan, Malinao, Guihing, Pawa, Hagonoy, Balutakay, Leling, and Sinayawan, and the sitios of Quezon and Polopolo.

Section 2

This Act shall take effect upon its approval.

Approved: March 3, 1959.

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.