[ Commonwealth Act No. 60, October 20, 1936 ]
AN ACT TO AMEND CERTAIN SECTIONS OF ACT NUMBERED TWENTY-EIGHT HUNDRED AND THIRTY-TWO ENTITLED, "AN ACT CREATING A PUBLIC CORPORATION DENOMINATED THE METROPOLITAN WATER DISTRICT, PRESCRIBING ITS FUNCTIONS AND ACTIVITIES, AND FOR OTHER PURPOSES," AS AMENDED BY ACTS NUMBERED THIRTY-ONE HUNDRED AND NINE AND FORTY HUNDRED AND SEVENTY-NINE.
Be it enacted by the National Assembly of the Philippines:
Section 1. Section three of Act Numbered Twenty-eight hundred and thirty-two as amended by Acts Numbered Thirty-one hundred and nine and Forty hundred and seventy-nine is hereby further amended to read as follows:
"Section 3. District Board, its members; reports to the President of the Philippines and National Assembly.-Unless otherwise provided by law, all corporate powers of the Metropolitan Water District shall be exercised, its business managed, and its property kept and preserved, by a board to be known as the District Board and composed of the Secretary of Public Works and Communications who shall be the chairman of the Board, the Mayor of the City of Manila, as vice chairman and five other members to be appointed for a term of three years by the
President of the Philippines, with the consent of the Commission on Appointments of the National Assembly.
"The District Board shall render reports to the President of the Philippines and the National Assembly as provided in sections five hundred and seventy-four to five hundred and seventy-seven, inclusive, of Act Numbered Twenty-seven hundred and eleven."
Section 2. Paragraphs two and three of section four of Act Numbered Twenty-eight hundred and thirty-two as amended by Acts Numbered Thirty-one hundred and nine and Forty hundred and seventy-nine are hereby further amended to read as follows:
"Section 4. First meeting of the District Board; 'quorum'; votes necessary, in general, for adopting resolutions; appeal; per diems of members; secretary of the board and his salary.-Not less than four members of the Board shall constitute a quorum for the transaction of business, and three affirmative votes shall be necessary for the adoption of any resolution or motion, except as herein otherwise provided.
"The minority of the Board may appeal from the decision or resolution of the majority within two days after a vote to the President of the Philippines whose decision shall be final in each case.(awÞhi("
Section 3. Paragraph one of section five of Act Numbered Twenty-eight hundred and thirty-two as amended by Act Numbered Forty hundred and seventy-nine is hereby further amended to read as follows:
"Section 5. Resolution to incur indebtedness and issue indebtedness and issue bonds; their conditions, privileges, and exemptions; sinking fund; guaranty.-Whenever the District Board may deem it necessary for the District to incur an indebtedness or issue bonds, it shall by resolution so declare, and state the purpose for which the proposed debt is to be incurred and the conditions of the bonds. In order that such resolution shall be valid, it shall be passed by the affirmative vote of at least four members of the District Board and approved by the Secretary of Finance."
Section 4. This Act shall take effect upon its approval.
Approved, October 20, 1936.
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