An Act amending and repealing some of the provisions of chapter Twenty-seven of act numbered Twenty-seven hundred eleven commonly known as the Administrative Code of nineteen hundred and se

Commonwealth Acts

Commonwealth Act No. 95

COMMONWEALTH ACT No. 95

AN ACT AUTHORIZING THE PHILIPPINE NATIONAL BANK, THE NATIONAL DEVELOPMENT COMPANY, AND THE SECRETARY OF AGRICULTURE AND COMMERCE TO ESTABLISH AND MAINTAIN WAREHOUSES FOR TOBACCO AND OTHER MARKETABLE PRODUCTS

Be it enacted by the National Assembly of the Philippines:

Section 1. The Secretary of Agriculture and Commerce,¹ the Philippine National Bank, and the National Development Company are hereby authorized to establish, operate, and maintain warehouses wherein tobacco shall be accepted for deposit at reasonable rates of fees, under such rules and regulations as they shall promulgate. If space is available, marketable products other than tobacco may be accepted for deposit in said warehouses. For this purpose, they are directed to acquire, by lease or otherwise, suitable warehouses in places where, in their opinion, the establishment and operation of such warehouses are justified, and they may employ the services of any officer or employee of the Government with the approval of the respective Department Head, or if such officer or employee is not available, they may employ the services...