Appropriation of Funds for the Establishment of a Ceramic Plant in Binalayan, Maripipi, Leyte
Republic Act No. 742, enacted on June 18, 1952, authorizes the appropriation of fifty thousand pesos for establishing a ceramic plant in Binalayan, Maripipi, Leyte. The funds will cover land acquisition, equipment, materials, and construction, with the project managed by the Institute of Science. The plant is intended to manufacture and sell various ceramic products, using sales proceeds to fund its operations and improvements. Additionally, if the plant is sold, the proceeds must be reinvested in establishing similar facilities in other regions, as recommended by the Director of the Institute and approved by the President. The Act takes effect upon its approval.
Law Information
- Reference Number
- Republic Act No. 742
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 18, 1952
REPUBLIC ACT NO. 742
AN ACT AUTHORIZING THE APPROPRIATION OF THE SUM OF FIFTY THOUSAND PESOS FOR THE ESTABLISHMENT OF A CERAMIC PLANT IN BINALAYAN, MARIPIPI, LEYTE, AND FOR OTHER PURPOSES
SECTION 1. The sum of fifty thousand pesos or so much thereof as may be necessary is hereby authorized to be appropriated out of the General Funds in the National Treasury not otherwise appropriated, for the establishment of a ceramic plant in Binalayan, Maripipi, Leyte, including the purchase of land, equipment, materials, supplies and the construction of buildings and shops in connection with the work; said project to be undertaken by the Institute of Science.
SECTION 2. The ceramic plant shall study, manufacture and sell ceramic products such as bricks, tiles, pipes, tableware, dinnerware, insulators, and others. The proceeds of the sale shall be used as a revolving fund for the operation of the plant, improvement of the products, and other studies connected with the project. cd
SECTION 3. Should the plant be sold to a private individual or corporation, the proceeds shall be employed for the establishment of similar plant or plants in other regions to be recommended by the Director, Institute of Science and approved by the President of the Philippines.
SECTION 4. This Act shall take effect upon its approval.
Approved: June 18, 1952
Published in the Official Gazette, Vol. 48, No. 7 in July 1952
Cite This Law
Appropriation of Funds for the Establishment of a Ceramic Plant in Binalayan, Maripipi, Leyte, Republic Act No. 742, Jun 18, 1952 (Philippines)
Appropriation of Funds for the Establishment of a Ceramic Plant in Binalayan, Maripipi, Leyte, Republic Act No. 742 (Phil. 1952)
Related Laws
- Transfer of Ceramic Plant in Maripipi, Leyte from National Institute of Science and Technology to Maripipi National Ceramics SchoolRepublic Act No. 5829 • Jun 21, 1969 • Statutes
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