[SEC-SICD * CASE NO. 1868. June 10, 1980.]
FRANCISCO C. SANTOS, BURTON T. OÑATE, CESAR P. MADAMBA and BENJAMIN M. LEGASPI, petitioners, vs. SOFRONIO BLANDO, AGRIX MARKETING, INC., ET AL., respondents.
O R D E R
Finding merit on the Urgent Ex-parte Motion dated June 6, 1980 filed by the National Development Company as rehabilitation receiver for Agrix Corporate and Business Complex, the same hereby GRANTED. dctai
WHEREFORE, the Commission hereby officially takes note of and approves the appointment and designation of Dr. Errol B. Perez as President and Chief Operating Officer of the Administrative and Technical Staff, to manage the Agrix Corporate and Business Complex while undergoing rehabilitation with the following powers and duties:
a) Preside at all meetings of the administrative and technical staff of the Agrix Corporate and Business complex;
b) Act as the principal representative of the NDC as Receiver in the administration and management of the real as well as personal properties and business and other affairs of the Agrix corporate and business complex;
c) Exercise general supervision over all the other officers of the administrative...