PD 681 Section 6

POWER TO ISSUE BONDS.

Section 6

SEC. 6. POWER TO ISSUE BONDS.—Whenever the Board of Administrators may deem it necessary for the corporation incur any indebtedness or to issue bonds to carry out the provisions of this Decree, it shall, by resolution, so declare and state the purpose for which the proposed debt is to be incurred. The resolution shall be confirmed by the affirmative vote of at least four (4) members of the Board and approved by the President of the Philippines.

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CitationPD 681 Section 6 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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