National Fund Raising Campaign of the Metropolitan Theater Foundation, Inc.

July 11, 1980

PROCLAMATION NO. 1988-A

AUTHORIZING THE METROPOLITAN THEATER FOUNDATION, INC. TO CONDUCT A NATIONAL FUND RAISING CAMPAIGN

WHEREAS, the Metropolitan Theater Foundation Inc., a non-stock and non-profit corporation, is engaged in the restoration, operation and maintenance of the Metropolitan Theater and to train singers, musicians, dancers, artists and other similar talents for the Theater and for local governments of Metro Manila;

WHEREAS, one of the initial projects of the Foundation is to organize and handle cultural presentations in the Theater; and

WHEREAS, the Foundation needs the financial support of the public and private sectors to realize its laudable objectives; aisa dc

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by law, do hereby authorize the Metropolitan Theater Foundation, Inc. to conduct a national fund-raising campaign for a period of one (1) year from the issuance of this proclamation.

All donations or contributions to and income of the fund campaign shall be exempt from income, gift, amusement and all other taxes and the same shall further be deductible in full and shall not be included for purposes of computing the maximum amount deductible under Sec. 30, paragraph (h), of the National Internal Revenue Code, as amended.

IN WITNESS WHEREOF, I have hereunto set my hand and caused the seal of the Republic of the Philippines to be affixed.

DONE in the City of Manila, this 11th day of July, in the year of Our Lord, Nineteen Hundred and Eighty.

Published in the Official Gazette, Vol. 76 No. 29, 4954-18 Supp., on July 21, 1980.