Republic ActNational

RA 5393 - An Act Authorizing Jesus B. Pacquing to Assign or Mortgage His Franchise to Any Government-Owned or Controlled Financial and/or Banking Institution

June 15, 1968Business & Trade

Republic Act No. 5393

Be it enacted by the Senate and House of Representatives of the Philippine Congress Assembled:

Section 1

Any provision of law to the contrary notwithstanding, Jesus B. Pacquing is hereby authorized to assign or mortgage his franchise granted under Republic Act Numbered Forty-three hundred and forty-four, to any government-owned or controlled financial and/or banking institution: Provided, However, That the machineries and equipment used in the business are also mortgaged together with the franchise.

Section 2

This Act shall take effect upon its approval.

Approved: June 15, 1968.

Cite this

RA 5393 - An Act Authorizing Jesus B. Pacquing to Assign or Mortgage His Franchise to Any Government-Owned or Controlled Financial and/or Banking Institution. BatasPH. Approved June 15, 1968. https://batasph.thirdygayares.com/republic-acts/republic-act-no-5393

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