PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY
REPUBLIC ACTS
REPUBLIC ACT NO. 5393 - AN
ACT AUTHORIZING JESUS B. PACQUING TO ASSIGN OR MORTGAGE HIS FRANCHISE
TO ANY GOVERNMENT-OWNED OR CONTROLLED FINANCIAL AND/OR BANKING
INSTITUTION
|
Section
1. Any provision of law to the contrary
notwithstanding, Jesus B. Pacquing is hereby authorized to assign or
mortgage his franchise granted under Republic Act Numbered Forty-three
hundred and forty-four, to any government-owned or controlled financial
and/or banking institution: Provided, however, That the machineries and
equipment used in the business are also mortgaged together with the
franchise. Sec. 2. This Act shall take effect upon its approval. Enacted without Executive
approval, June 15, 1968. |
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