REPUBLIC ACT NO. 5
AN ACT TO AMEND SECTIONS TWO AND FIVE OF COMMONWEALTH ACT NUMBERED FIVE HUNDRED EIGHTEEN, ENTITLED "AN ACT TO ESTABLISH THE NATIONAL COCONUT CORPORATION, AND TO APPROPRIATE ADDITIONAL OPERATING CAPITAL FOR SAID CORPORATION"
Section 1. Section two of Commonwealth Act Numbered Five hundred eighteen is amended to read as follows:
"Sec. 2. The National Coconut Corporation shall have the following objects:
"(a) To establish, keep, maintain, and operate or help establish, keep, maintain, and operate drying plants, or copra driers, or coconut centrals with a view to adjusting the coconut industry to a position independent of trade preferences in the United States and to provide facilities for the better curing of copra products and the proper utilization of coconut by-products;
"(b) To afford facilities for bona fide production loans to Philippine coconut planters and copra producers; and
"(c) To buy, sell, barter, export, and in any other manner deal in, coconut, copra, and desiccated coconut, as well as their by-products, and to act as agent, broker or commission...
Details
Amends
n/a
Amended by
n/a
