Amendment to R.A. No. 4694 (Sale of Portions of Private Domain to Visayas-Mindanao Confederation of Trade Unions)
Republic Act No. 5755, approved on June 21, 1969, amends certain provisions of Republic Act No. 4694 regarding the sale of government land to the Visayas-Mindanao Confederation of Trade Unions. The amendments stipulate that the title to the land cannot be transferred or mortgaged without prior presidential approval, although leasing to third parties is permitted, with proceeds designated for organizational purposes. Additionally, if the Confederation is dissolved or no longer requires the land, it will revert to the National Government, and any improvements can be sold at auction to settle debts. The Act took effect upon approval and was published in the Official Gazette on January 12, 1970.
Quick Answers
- What is Amendment to R.A. No. 4694 (Sale of Portions of Private Domain to Visayas-Mindanao Confederation of Trade Unions) about?
- Republic Act No. 5755, approved on June 21, 1969, amends certain provisions of Republic Act No. 4694 regarding the sale of government land to the Visayas-Mindanao Confederation of Trade Unions. The amendments stipulate that the title to the land cannot be transferred or mortgaged without prior presidential approval, although leasing to third parties is permitted, with proceeds designated for organizational purposes. Additionally, if the Confederation is dissolved or no longer requires the land, it will revert to the National Government, and any improvements can be sold at auction to settle debts. The Act took effect upon approval and was published in the Official Gazette on January 12, 1970.
- What type of law is Republic Act No. 5755?
- Amendment to R.A. No. 4694 (Sale of Portions of Private Domain to Visayas-Mindanao Confederation of Trade Unions) (Republic Act No. 5755) is a Philippine Statutes enacted by the Congress of the Philippines.
- When was Amendment to R.A. No. 4694 (Sale of Portions of Private Domain to Visayas-Mindanao Confederation of Trade Unions) enacted?
- Amendment to R.A. No. 4694 (Sale of Portions of Private Domain to Visayas-Mindanao Confederation of Trade Unions) (Republic Act No. 5755) was enacted on Jun 21, 1969.
- What is the citation for Amendment to R.A. No. 4694 (Sale of Portions of Private Domain to Visayas-Mindanao Confederation of Trade Unions)?
- Amendment to R.A. No. 4694 (Sale of Portions of Private Domain to Visayas-Mindanao Confederation of Trade Unions), Republic Act No. 5755, Jun 21, 1969 (Philippines)
Law Information
- Reference Number
- Republic Act No. 5755
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 21, 1969
REPUBLIC ACT NO. 5755
AN ACT AMENDING SECTIONS THREE AND FOUR OF REPUBLIC ACT NUMBERED FORTY-SIX HUNDRED NINETY-FOUR, ENTITLED "AN ACT AUTHORIZING THE PRESIDENT OF THE REPUBLIC OF THE PHILIPPINES TO SELL PORTIONS OF THE PRIVATE DOMAIN OF THE NATIONAL GOVERNMENT TO THE VISAYAS-MINDANAO CONFEDERATION OF TRADE UNIONS"
SECTION 1. Sections three and four of Republic Act Numbered Forty-six hundred ninety-four are hereby amended to read as follows:
"SEC. 3. The title of the land conveyed by this Act shall not be transferred or mortgaged by the Visayas-Mindanao Confederation of Trade Unions to another person or legal entity without previous authorization by the President of the Republic of the Philippines: Provided, That the said land and/or any improvements thereon may be leased to a third party: Provided further, That the proceeds from such lease, mortgage or encumbrance shall be used for the purpose for which the said organizations has been established, including the repayment of any obligations incurred for the construction of said improvements. cdt
"SEC. 4. In case the Visayas-Mindanao Confederation of Trade Unions is dissolved, or ceases to exist, or for any reason no longer needs the land, the said land shall automatically revert to the National Government: Provided, That the improvements thereon may be sold at public auction and the proceeds thereof shall be used to liquidate the obligations incurred by the Visayas-Mindanao Confederation of Trade Unions or any of its subsidiary which financed the construction of the said improvements: Provided, further, That the purchaser of the improvements shall be allowed to lease the said land from the Government at a reasonable price." aisa dc
SECTION 2. This Act shall take effect upon its approval.
Approved: June 21, 1969. cd
Published in the Official Gazette, Vol. 66, No. 2, p. 253 on January 12, 1970
Cite This Law
Amendment to R.A. No. 4694 (Sale of Portions of Private Domain to Visayas-Mindanao Confederation of Trade Unions), Republic Act No. 5755, Jun 21, 1969 (Philippines)
Amendment to R.A. No. 4694 (Sale of Portions of Private Domain to Visayas-Mindanao Confederation of Trade Unions), Republic Act No. 5755 (Phil. 1969)
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