Amending Certain Provisions Of Republic Act Numbered Thirteen Hundred And Eighty-Seven, As Amended By Republic Act Numbered Eighteen Hundred And Ninety-Three And Republic Act Numbered Thirt
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Amending Certain Provisions Of Republic Act Numbered Thirteen Hundred And Eighty-Seven, As Amended By Republic Act Numbered Eighteen Hundred And Ninety-Three And Republic Act Numbered Thirt
Presidential Decree No. 250
July 21, 1973
Case Overview and Summary
Presidential Decree No. 250Amending Republic Act No. 1387, as amended by Republic Act No. 1893 and Republic Act No. 3868, relating to the corporate powers of the Mindanao State University
- Authorizes the Mindanao State University, through its Board of Regents, to invest its resources not otherwise appropriated, in the capital stocks of corporations engaged in the promotion and development of tourism, including but not limited to corporations operating and managing hotels, resorts, and the like. (Section 5-A)
- Empowers the Mindanao State University, through its Board of Regents, to convey idle lands and dispose of its idle assets to effectuate the foregoing authority. (Section 5-A)
- Grants the Board of Regents the sole power to determine the corporation or corporations in which the university shall invest its available resources. (Section 5-A)
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Mindanao State University
corporate powers
tourism development
investment
capital stocks
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resorts
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Amending Certain Provisions Of Republic Act Numbered Thirteen Hundred And Eighty-Seven, As Amended By Republic Act Numbered Eighteen Hundred And Ninety-Three And Republic Act Numbered Thirt
Presidential Decree No. 250
•July 21, 1973
MALACAÑANGM a n i l a
PRESIDENTIAL DECREE No. 250 July 21, 1973
AMENDING CERTAIN PROVISIONS OF REPUBLIC ACT NUMBERED THIRTEEN HUNDRED AND EIGHTY-SEVEN, AS AMENDED BY REPUBLIC ACT NUMBERED EIGHTEEN HUNDRED AND NINETY-THREE AND REPUBLIC ACT NUMBERED THIRTY-EIGHT HUNDRED AND SIXTY-EIGHT, RELATING TO, THE CORPORATE POWERS OF THE MINDANAO STATE UNIVERSITY
WHEREAS, the basic and primordial aim of the government in the economic development of the entire country;
WHEREAS, the government has realigned its efforts towards trade promotion and tourism development;
WHEREAS, tourism properly deserves the Government's immediate and preferential attention in the form of capital investments in private corporations engaged in the operation and development of tourist spots;
WHEREAS, there are government-owned and controlled corporations with idle resources and assets;
WHEREAS, the Mindanao State University has idle assets and resources which could be used for economic development; and
WHEREAS, the corporate powers of the Mindanao State University as provided for in Republic Act Numbered Thirteen hundred and eighty-seven, as amended, are not flexible enough to allow the investment of these idle resources to...
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