Republic Act No. 2254: An act authorizing the president of the philippines to sell a certain parcel of land of the private domain of the national government to the ramon magsaysay award foundation

Republic Act No. 2254

An act authorizing the president of the philippines to sell a certain parcel of land of the private domain of the national government to the ramon magsaysay award foundation

An Act Authorizing the President of the Philippines to Sell a Certain Parcel of Land of the Private Domain of the National Government to the Ramon Magsaysay Award Foundation

In plain language

This act authorizes the President to sell a specified parcel of land in Malate, Manila to the Ramon Magsaysay Award Foundation for one peso, allowing the foundation to construct a permanent building on the site. The sale includes conditions on leasing, transfer, and reversion of the property to the government if the foundation fails to construct the building or ceases operations.

Sale of land for one peso

Construction of permanent building by foundation

Lease of building space allowed for foundation’s purposes

Title transfer prohibited without congressional consent

Reversion of land to government if foundation dissolves or fails to construct within five years

Act effective upon approval

Land Sale

Government Property

Ramon Magsaysay Award Foundation

Real Estate

Infrastructure

REPUBLIC ACT No. 2254

AN ACT PROVIDING THAT THE GENERAL MANAGER, PRESIDENT, GOVERNOR, OR ADMINISTRATOR OF A GOVERNMENT-OWNED OR CONTROLLED CORPORATION SHALL BE EX OFFICIO THE VICE-CHAIRMAN OF THE BOARD OF DIRECTORS, BOARD OF GOVERNORS, OR BOARD OF ADMINISTRATORS THEREOF.

Section 1

The general manager, president, governor, or administrator of a government-owned or controlled corporation shall be ex officio the vice-chairman of the board of directors, board of governors, or board of administrators thereof unless its charter specifically provides that such general manager, president, governor, or administrator shall be the chairman of such board of directors, board of governors, or board of administrators, or unless the President of the Philippines shall have appointed such general manager, president, governor or administrator as chairman. As such vice-chairman of the board, such general manager, president, governor, or administrator shall sit, participate and vote in the meetings of the board.

Section 2

Any provision of Executive Order Numbered Three hundred ninety-nine, series of nineteen hundred fifty-one, and of any charter of any government-owned or controlled corporation inconsistent with the provisions of this Act is repealed.

Section 3

This Act shall take effect upon its approval.

Approved, June 18, 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.