An Act Increasing the Authorized Capital Stock of the Manila Railroad Company of the Philippine Islands to One Hundred Fifty Million Pesos
Year:
1957
Category:
Other
Date Approved:
June 22, 1957
Summary
Plain-language AI-assisted summary — not the official text. As of July 1, 2026. Read the full text below or on the official source.
This Act increases the authorized capital stock of the Manila Railroad Company of the Philippine Islands from fifty million pesos to one hundred fifty million pesos. The funds are allocated for the rehabilitation of lines and equipment, as well as for railway projects in Mindanao and the extension of the Panay Railway.Full Text
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
Be it enacted by the Senate and House of Representatives of the Philippine Congress Assembled:
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.
Section 2. This Act shall take effect upon its approval.
Approved: June 22, 1957.
Share
PDF Document
Source
Official source from LawPhil:
View on LawPhil Last updated: Jul 1, 2026About
Republic Acts are laws passed by the Congress of the Philippines. This content is sourced from LawPhil (lawphil.net) for reference purposes. For official and authoritative texts, please refer to the Official Gazette.