Amendments to R.A. No. 807 Re: Mindanao Agricultural College

June 19, 1959

REPUBLIC ACT NO. 2273

AN ACT TO AMEND REPUBLIC ACT NUMBERED EIGHT HUNDRED SEVEN, ENTITLED "AN ACT TO CONVERT THE BUKIDNON NATIONAL AGRICULTURAL SCHOOL IN THE MUNICIPALITY OF MARAMAG, PROVINCE OF BUKIDNON, TO A NATIONAL AGRICULTURAL COLLEGE TO BE KNOWN AS THE MINDANAO AGRICULTURAL COLLEGE"

SECTION 1. Section four of Republic Act Numbered Eight hundred seven is amended to read as follows:

"Sec. 4.  The government of said college is hereby vested in a Board of Trustees of the Mindanao Agricultural College. The Board of Trustees shall be composed of the Secretary of Education, who shall be ex officio Chairman of the Board, the Chairman of the Committee on Education of the Senate, the Chairman of the Committee on Education of the House of Representatives, the Director of Public Schools, the President of the College and the President of the Mindanao College Alumni Association: Provided, That in case of sickness, absence or other temporary incapacity of the Secretary of Education, he may designate the Undersecretary of Education to act as Chairman of the Board: Provided, further, That in case of sickness, absence or other temporary incapacity of the Director of Public Schools, the Assistant Director of Vocational Education shall act in his stead as member of the board."

SECTION 2.  The following new subsection is hereby added after section five of the same Act:

"(i)  To exercise the powers granted to and assume the responsibilities imposed upon corporations by subsections (1), (2), (3), (4), (5), and (9) of section thirteen of Act Numbered Fourteen hundred fifty-nine, otherwise known as the Corporation Law." cdt

SECTION 3. The following new section is hereby inserted after section five of the same Act:

"Sec. 5-a.  A revolving fund is hereby created out of the income of the college from the operation of its farms and other enterprises, except those accruing from tuition, matriculation, athletic and other fees required of students enrolling in the college, for the purpose of expanding and/or improving the college farms and farming activities of the college. This revolving fund shall be disposed of for the benefit of the college and shall be administered by a board to be appointed by the Board of Trustees with the President of the Mindanao Agricultural College as Chairman, and its accounts shall be kept separate from the funds provided by Congress in the General Appropriation Acts and shall not be included in the annual regular budget for the operation and maintenance of the College."

SECTION 4. This Act shall take effect upon its approval.

Approved: June 19, 1959 acd

Published in the Official Gazette, Vol. 55, No. 30, p. 5758 on July 27, 1959