Transitory Provisions.
Section 11
SEC. 11. Transitory Provisions.—The Chairman of the Board shall, within thirty (30) days from the date of his appointment, call for an organizational meeting of the Board in order that corporate business may immediately be commenced. Pending the appointment of the necessary executive officers and personnel of the PNL, the Board shall be assisted by a technical staff to be designated by the Maritime Administrator from the MARINA and other government agencies. To defray the initial costs of operation therefor, there is hereby appropriated the amount of ONE MILLION PESOS (P1,000,000) for immediate release chargeable against the initial fund appropriation of the National Government as provided in Section 4, paragraph (a) hereof.