Section 1
Section 1. The merger of CDC and CIAC is hereby authorized subject to the provisions of the Corporation Code.
Home›Statutes›Executive Orders›Executive Order No. 7 (2001)
Executive Order No. 7 (2001)
Executive Order No. 7 (2001)
Executive Order No. 80, series of 1993, established Clark Development Corporation (CDC) as the implementing arm of BCDA for the Clark Special Economic Zone which envisioned Clark to be converted into an international civil aviation complex, a modern industrial estate and tourism, trade and business center for Luzon and Asia;
Jump to section
Section 2
Section 2. The Chairman of the BCDA is directed to prepare a plan and take all the necessary steps towards effecting the merger of CDC and CIAC, with CDC as the surviving corporation.
Section 3
Section 3. The BCDA Chairman shall submit a report to the President on the action taken as soon as the merger shall have been completed.
Section 4
Section 4. All orders, rules and regulations, or parts thereof which are inconsistent with this Executive Order are hereby repealed, amended or modified accordingly.
Section 5
This Executive Order shall take effect immediately
Section 5. This Executive Order shall take effect immediately.
DONE in the City of Manila, this 26th day of March, in the year of Our Lord, Two Thousand and One.
(Sgd.) GLORIA MACAPAGAL-ARROYO President of the Philippines
By the President:
(Sgd.) RENATO S. DE VILLA Executive Secretary