RA 4690 Section 9

Procedure to Issue Bonds and Incur Indebtedness.

Section 9

SEC. 9. Procedure to Issue Bonds and Incur Indebtedness.—Whenever the Board of Directors may deem it necessary for the Company to incur an indebtedness or to issue bonds to carry out the provisions of this Act, it shall by resolution so declare and state the purpose for which the proposed debt is to be incurred. In order that such resolution may be valid, it shall be passed by the affirmative vote of at least four members of the board and approved by the President of the Philippines upon the recommendation of the Secretary of Finance, after consultations with the National Economic Council and the Monetary Board of the Central Bank.

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Other provisions in CHAPTER IV ORGANIZATION AND FINANCING

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationRA 4690 Section 9 (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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