RA 7621 (Charter of the Cebu Port Authority) Section 19

Bond Limits.

Section 19

SEC 19. Bond Limits. - The bonds that may be issued by the Authority shall in no case exceed the total amount of One billion pesos (P1,000,000,000): Provided, That no single issue shall be made if at least seventy percent (70%) of the immediately preceding issue is not yet sold. The bonds shall be issued only in such amounts as will be needed at only one (1) integral operation not exceeding one (1) year duration, taking into account the state at which said bonds may be absorbed by the buying public and the fund requirements of the project ready for execution, and considering further a proper balance between productive and nonproductive projects so that inflation shall be held to a minimum.

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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 19 (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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