Section 6
SEC 6. Section Six of Republic Act Numbered Forty Seven Hundred Twenty-Four is hereby amended to read as follows: "SEC. 6. Powers and Duties of the Board.—The Board of Trustees, in addition to its general corporate powers, shall exercise the following powers and duties: To formulate plans and programs and promulgate such policies, procedures, rules and regulations as may be necessary for the effective operation of the Center; To receive, administer, dispose of and disburse the funds of the Center; To receive grants, legacies, devises, and donations of whatever kind to the Center. Such grants, legacies, devises and donations shall be tax-exempt and deductible from the income tax return of the giver or his estate as the case may be, upon certification of the Board that said grants, legacies, devises and donations are dedicated to the purposes of the Center; To appoint and in proper cases take disciplinary action against the technical and administrative personnel of the Center and fix their compensation, terms of office and other conditions of employment: Provided, That all positions in the Center shall be exempt from the regulations of the Wage and Position Classification Office: Provided, Further, That such positions as the Board may declare to be highly technical shall not be subject to the provisions of the civil service law and rules; To create donor positions which shall accommodate exceptionally qualified engineers or scientists in metallurgy and allied fields from both government and private sector and visiting research scientists; To enter into contracts for and in behalf of the Center; Subject to the provisions of Section 7 hereof to allocate and fix the amount of contributions from the private sector as the public interest may require and as the financial condition of the private sector may permit; and To exercise such other powers and functions as may be necessary to carry out the provisions of this Act.