R.A. 6039

REPUBLIC ACT No. 6039

AN ACT AMENDING SECTION EIGHTEEN (cc) OF REPUBLIC ACT NUMBERED FOUR HUNDRED NINE, AS AMENDED, ENTITLED, "AN ACT TO REVISE THE CHARTER OF THE CITY OF MANILA, AND FOR OTHER PURPOSES."

Section 1. Subsection (cc) of Section eighteen of Republic Act Numbered Four hundred nine, as amended, entitled "An Act to Revise the Charter of the City of Manila, and for other purposes" is hereby amended to read as follows:

"I Declaration of Policy

"II Right of Market Vendors

"III Closure of Markets and the Construction of New Markets

"IV Market Committee

"Within thirty days from the date of approval of this act there shall be created by the city mayor, a market committee with the market administrator as chairman, and a representative each of the city treasurer, the municipal board, the Chamber of Filipino Retailers, Inc., and the Manila Market Vendors Association Inc., as members.

"The powers and functions of the market committee shall be as follows:

"V Public Market Sinking Fund

"The sinking fund shall be created from thirty per centum of the annual gross receipts from market fees which shall be used to amortize or to finance the construction of new markets, to remodel or replace old market building, the purchase of privately-owned building utilized as public markets, and purchase of new market sites and the construction of market building and facilities thereof: Provided, That for as long as self-liquidating old markets have not been replaced, reconstructed, or remodeled in accordance with the specifications adopted and recommended by the market committee, the gross revenue from all market fee collections shall be apportioned and appropriated as follows:

"VI Miscellaneous Provisions

Section 2. If any provision of this Act is declared invalid, the provisions thereof not affected by such declaration shall remain in force and effect.

Section 3. Violation of this Act shall be punishable by a fine of not less than two hundred pesos but not more than two thousand pesos and by imprisonment for a period of not less than six months but not exceeding one year, at the discretion of the Court, plus disqualification to hold public office if committed by a public official or employee.

Section 4. All laws, rules and regulations inconsistent with this Act are hereby repealed or modified accordingly.

Section 5. This Act shall take effect upon its approval.

Approved: August 4, 1969