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Section 1
The Orient Airlines Association, composed of the Philippine Airlines, Inc
Section 1.
The Orient Airlines Association, composed of the Philippine Airlines, Inc., Cathay Pacific Airways, Ltd., China Airlines, Korean Airlines, Ltd., Japan Airlines, Garuda Indonesia Airways, Malaysian Airlines System, Qantas Airways, Ltd., Singapore Airlines, Ltd., Thai Airways International, Royal Brunei Airlines, Air Niugini, and such other Orient-based airlines as it may admit as members, is hereby granted a corporate legal personality as a non-profit and non-stock corporation to be hereinafter known as the Orient Airlines Association, Inc.
Section 2
The Orient Airline Association, Inc
Section 2.
The Orient Airline Association, Inc. shall be governed by its present Articles of Association, a By-laws to be adopted within thirty (30) days from the Promulgation of this Decree, and the provisions of the Corporation Law insofar as they are not inconsistent with the provisions of this Decree or with the purposes for which the corporation is formed in the Articles of Association, and shall have the general powers mentioned in such law and such other powers as may be necessary to enable it to accomplish its purposes. The By-Laws may provide for the holding of the annual meeting of the members outside the Philippines and shall be exempt from the requirements of Section 24 of Act No. 1459, as amended, in accordance with the established agreement between and among the member airlines.
The Securities and Exchange Commission shall issue the necessary Certificate of Incorporation and filing of By-Laws.
Section 3
The Orient Airlines Association, Inc
Section 3.
The Orient Airlines Association, Inc. shall be exempt from income tax under the provisions of Section 27 (f) of the National Internal Revenue Code, as amended, as a business league not organized for profit, and its operations and transaction shall be exempt from any and all taxes, duties, fee, charges, imposts, licenses and assessments of whatever nature and description, direct or indirect, imposed by the Republic of the Philippines or any of its political subdivisions or taxing authorities except only the tax on any real property owned and held by the organization in the Philippines.
Section 4
Section 4.
Foreign personnel of the organization, their spouses, and unmarried children under twenty-one years of age, whether accompanying them or joining them after their parents admission into the Philippines as non-immigrant, shall be issued a multiple entry special visa to enter the Philippines valid for a period of one year: Provided, That a responsible officer of the organization submits a certificate under oath that the person who seeks entry to the Philippines is an executive or employee of the organization and will work exclusively for the organization at its principal office in the Philippines.
The Multiple entry special visa may be extended annually upon submission to the Commission on Immigration and Deportation of a sworn certification by a responsible officer of the organization that the stay of that executive or employee in the Philippines is required by the operations of the organization.
Non-immigrants who have been admitted under the multiple entry special visa, as well as their spouses and dependents, shall be exempt from the payment of all fees due under the immigration clearance certificates, and all types of clearances required by any department or agency of the government, and upon final departure from the Philippines the organization shall so advise in writing the Commission on Immigration and Deportation at least five (5) working days prior to the no-immigrant's departure.
Section 5
Section 5.
The alien executives of the organization shall enjoy the privileges extended to foreigners coming to the Philippines as provided for in Section 105 (g) of the Tariff and Customs Code, as amended.
Section 6
Section 6.
The provisions of existing laws, executive orders, administrative orders, rules and regulation, or parts thereof in consistent with the provisions of this Decree shall be inapplicable.
Section 7
Section 7.
The provisions of this Decree are hereby declared to be separable and if any portion of this Decree should; for any reason, be held invalid or constitutional, such invalidity or unconstitutionality shall not affect the other provisions of this Decree which shall be given force and effect.
Section 8
Section 8.
This Decree shall take effect upon its approval and shall be implemented immediately.
Done in the City of Manila, this 28th day of November, in the year of Our Lord, Nineteen Hundred and Seventy-Seven.