Take Over and Control of the Assets of Corporations Owned by Fernando Jacinto
Letter of Instructions No. 35, issued on October 28, 1972, directs the Secretary of National Defense to take over and control the assets of several corporations associated with Fernando Jacinto. This includes Jacinto Steel Incorporated, Jacinto Iron and Steel Sheets Corporation, J & P Shipping Corporation, Beatriz Marketing and Trading Corporation, and Perro Products, Incorporated. This action aims to protect the interests of the government in the Iligan Integrated Steel Mills, Inc., following a prior directive in Letter of Instructions No. 27. Immediate compliance with this order is requested.
Law Information
- Reference Number
- Letter of Instructions No. 35
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Letters of Instructions
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
October 28, 1972
LETTER OF INSTRUCTIONS NO. 35
TO : The Secretary of National Defense
In order to further protect the interests of the Government in the Iligan Integrated Steel Mills, Inc. and in furtherance of Letter of Instructions No. 27, dated October 14, 1972, you are hereby ordered to take over and control the assets of the following corporations:
1. Jacinto Steel Incorporated
2. Jacinto Iron and Steel Sheets Corporation
3. J & P Shipping Corporation
4. Beatriz Marketing and Trading Corporation (all of which are located at Pereyra Building, Magsaysay Boulevard, Santa Mesa, Manila)
5. Perro Products, Incorporated Vicente Madrigal Building Ayala Avenue, Makati, Rizal
These firms are owned or controlled by Fernando Jacinto.
Your immediate action is desired.
DONE in the City of Manila, this 28th day of October, in the year of Our Lord, Nineteen Hundred and Seventy-Two.
Cite This Law
Take Over and Control of the Assets of Corporations Owned by Fernando Jacinto, Letter of Instructions No. 35, Oct 28, 1972 (Philippines)
Take Over and Control of the Assets of Corporations Owned by Fernando Jacinto, Letter of Instructions No. 35 (Phil. 1972)
Related Laws
- Take Over of All Corporations in which the Jacinto Family have Controlling InterestLetter of Instructions No. 49 • Jan 5, 1973 • Presidential Issuances
- Jacinto Family CorporationsLetter of Instructions No. 39 • Nov 9, 1972 • Presidential Issuances
- Acquisition of Jacinto Estate in Nueva EcijaLetter of Instructions No. 370 • Feb 3, 1976 • Presidential Issuances
- Taking Over the Control and Management of Assets of Vicente TanLetter of Instructions No. 250 • Feb 10, 1975 • Presidential Issuances
- Improvement of Control Mechanism Over Borrowings of GOCCsLetter of Instructions No. 1340 • Jul 1, 1983 • Presidential Issuances
- Take Over by the Secretary of National Defense of the Control, etc. of Any Water Transport Facilities and EquipmentLetter of Instructions No. 181 • Apr 6, 1974 • Presidential Issuances
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