REPUBLIC ACT NO. 2273 - AN ACT TO
AMEND REPUBLIC ACT NUMBERED EIGHT HUNDRED SEVEN, ENTITLED "AN ACT TO
CONVERT THE BUKIDNON NATIONAL AGRICULTURAL SCHOOL IN THE MUNICIPALITY
OF MARAMAG, PROVINCE OF BUKIDNON, TO A NATIONAL AGRICULTURAL COLLEGE TO
BE KNOWN AS THE MINDANAO AGRICULTURAL COLLEGE" |
Section
1. Section four of Republic Act Numbered Eight
hundred seven is amended to read as follows: "Sec. 4.
The government of said college is hereby vested in a Board of Trustees
of the Mindanao Agricultural College. The Board of Trustees shall be
composed of the Secretary of Education, who shall be ex officio
Chairman of the Board, the Chairman of the Committee on Education of
the Senate, the Chairman of the Committee on Education of the House of
Representatives, the Director of Public Schools, the President of the
College and the President of the Mindanao College Alumni Association:
Provided, That in case of sickness, absence or other temporary
incapacity of the Secretary of Education, he may designate the
Undersecretary of Education to act as Chairman of the Board: Provided,
further, That in case of sickness, absence or other temporary
incapacity of the Director of Public Schools, the Assistant Director of
Vocational Education shall act in his stead as member of the board." Sec. 2. The following new subsection is hereby added after section five of the same Act: "(i) To
exercise the powers granted to and assume the responsibilities imposed
upon corporations by subsections (1), (2), (3), (4), (5), and (9) of
section thirteen of Act Numbered Fourteen hundred fifty-nine, otherwise
known as the Corporation Law." Sec. 3. The following new section is hereby inserted after section five of the same Act: "Sec. 5-a.
A revolving fund is hereby created out of the income of the college
from the operation of its farms and other enterprises, except those
accruing from tuition, matriculation, athletic and other fees required
of students enrolling in the college, for the purpose of expanding
and/or improving the college farms and farming activities of the
college. This revolving fund shall be disposed of for the benefit of
the college and shall be administered by a board to be appointed by the
Board of Trustees with the President of the Mindanao Agricultural
College as Chairman, and its accounts shall be kept separate from the
funds provided by Congress in the General Appropriation Acts and shall
not be included in the annual regular budget for the operation and
maintenance of the College." Sec. 4. This Act shall take effect upon its approval.cralaw Approved: June 19, 1959. |