Republic of the Philippines
CONGRESS OF THE PHILIPPINES
Metro ManilaSixteenth Congress
Begun and held in Metro Manila, on Monday, the twenty-second day of July, two thousand thirteen.
REPUBLIC ACT NO. 10638
AN ACT EXTENDING THE CORPORATE LIFE OF THE PHILIPPINE NATIONAL RAILWAYS FOR ANOTHER FIFTY (50) YEARS, FURTHER AMENDING FOR THE PURPOSE REPUBLIC ACT NO. 4156, AS AMENDED, ENTITLED "AN ACT CREATING THE PHILIPPINE NATIONAL RAILWAYS, PRESCRIBING ITS POWERS, FUNCTIONS AND DUTIES, AND PROVIDING FOR THE NECESSARY FUNDS FOR ITS OPERATION"
Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:
Section 1. Section 1 of Republic Act No. 4156, as amended, is hereby further amended to read as follows:
"SECTION 1. Name, Duration and Domicile. – A corporation to serve as the instrumentality of the Government of the Philippines in providing a nationwide railroad and transportation system, is hereby created to be known as the Philippine National Railways, which shall exist for a term of fifty (50) years from the date of approval of this Act and...
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Republic Acts
AN ACT EXTENDING THE CORPORATE LIFE OF THE PHILIPPINE NATIONAL RAILWAYS FOR ANOTHER FIFTY (50) YEARS
Republic Act No. 10638
Summary of Republic Act No. 10638
Extension of Corporate Life of the Philippine National Railways
- Section 1 amends Section 1 of Republic Act No. 4156 to extend the corporate life of the Philippine National Railways for another fifty (50) years, commencing on June 20, 2014. (Section 1)
- The Philippine National Railways shall exist as a corporation to serve as the instrumentality of the Government of the Philippines in providing a nationwide railroad and transportation system. (Section 1)
- The Philippine National Railways shall have its main office in the City of Manila and shall have branches and agencies within the Philippines as necessary for the proper conduct of its business. (Section 1)
- The Philippine National Railways shall be under the Department of Transportation and Communications. (Section 1)
Effectivity
- This Act shall take effect immediately following its publication in the Official Gazette or in a newspaper of general circulation. (Section 2)
Extension of Corporate Life of the Philippine National Railways
- Section 1 amends Section 1 of Republic Act No. 4156 to extend the corporate life of the Philippine National Railways for another fifty (50) years, commencing on June 20, 2014. (Section 1)
- The Philippine National Railways shall exist as a corporation to serve as the instrumentality of the Government of the Philippines in providing a nationwide railroad and transportation system. (Section 1)
- The Philippine National Railways shall have its main office in the City of Manila and shall have branches and agencies within the Philippines as necessary for the proper conduct of its business. (Section 1)
- The Philippine National Railways shall be under the Department of Transportation and Communications. (Section 1)
Effectivity
- This Act shall take effect immediately following its publication in the Official Gazette or in a newspaper of general circulation. (Section 2)