Section 10
SEC. 10. Section thirteen of Republic Act Numbered Thirteen hundred, as amended, is further amended to read as follows: "APPOINTMENT AND REMOVAL OF OTHER OFFICERS AND EMPLOYEES OF THE NATIONAL BANK" "SEC. 13. Other officers and employees, appointment and removal — Salaries — Non-applicability of the Civil Service Law. — All other officers and employees of the Bank shall be appointed and removed by the Board of Directors, on recommendation of the President. Said officers and employees shall not be subject to the Civil Service Law. Officers may be transferred or re-assigned according to the sound judgment of the Board of Directors. Duties and compensation of said officers and employees shall be fixed by the President with the approval of the Board of Directors: Provided, That whenever the Chairman or the Vice-Chairman, by order of the Board of Directors, shall temporarily or permanently perform duties incumbent upon other officers or employees, they may be granted compensation therefor subject to the written approval of the President of the Philippines. "Provided, That it is declared to be the policy of this Act that the Bank is an instrument of the national monetary policy of the Government and its operation affects national interest and all the officers and employees of the Bank shall not strike for the purpose of securing changes or modifications in their terms and condition of employment but such officers and employees may belong to any labor organization which does not impose the obligation to strike or to join in strike.”