Amending Republic Act Numbered 1300, Entitled An Act Revising The Charter Of The Philippine National Bank

Presidential Decrees

Presidential Decree No. 5

MALACAÑANG
M a n i l a

PRESIDENTIAL DECREE No. 5 September 26, 1972

AMENDING REPUBLIC ACT NUMBERED 1300, ENTITLED AN ACT REVISING THE CHARTER OF THE PHILIPPINE NATIONAL BANK

WHEREAS, there were pending before Congress prior to the promulgation of Proclamation No. 1081, dated September 21, 1972, certain priority measures vital to the national development program of the Government, and which were duly certified by the President as urgent measures;

WHEREAS, one of these priority measures is the bill seeking to amend the charter of the Philippine National Bank by increasing its authorized capital stock and by providing limits to government borrowings an adequate guidelines for its efficient operation;

WHEREAS, this measure is necessary to effect reforms in the bank's operations and to revitalize its structure as an important instrument to promote the national development program of the Government;

NOW, THEREFORE, I, FERDINAND E. MARCOS, Commander-in-Chief of all the Armed Forces of the Philippines, pursuant to Proclamation No. 1081, dated September 21, 1972, and General Order No. 1, dated September 22, 1972,...