PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES
REPUBLIC ACTS
| REPUBLIC ACT NO. 2012 - AN ACT
INCREASING THE AUTHORIZED CAPITAL STOCK OF THE MANILA RAILROAD COMPANY
OF THE PHILIPPINE ISLANDS TO ONE HUNDRED FIFTY MILLION PESOS |
| Section
1. To enable it to fully rehabilitate its lines and
equipment, to extend its road and to attain the purposes and objectives
for which it was created, the authorized capital stock of the Manila
Railroad Company of the Philippine Islands is hereby increased from
fifty million pesos to one hundred fifty million pesos: Provided, That
forty million pesos shall be for the railway project in Mindanao and
thirty million pesos for the extension of the Panay Railway from the
Municipality of Cuartero, Capiz, to the Municipality of Pandan,
Antique. Sec. 2. This Act shall take effect upon its approval. Approved: June 22, 1957. |