RA 7621 (Charter of the Cebu Port Authority) Section 18

Power to Issue Bonds.

Section 18

SEC. 18. Power to Issue Bonds. - The Authority, to incur indebtedness or to issue bonds to carry out approved capital investment projects, shall be approved by the affirmative vote of at least four (4) of all the members of the Commission in a special meeting called for the purpose and approved by the President of the Philippines upon the recommendation of the Secretary of Finance and the Central Bank of the Philippines.

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Other provisions in RA 7621 (Charter of the Cebu Port Authority)

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 7621 (Charter of the Cebu Port Authority) Section 18 (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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