Amending Executive Order No. 603, entitled "Creating a Light Rail Transit Authority, vesting the same with authority to construct and operate the Light Rail Transit (LRT) Project and providing funds therefore."
WHEREAS, Executive Order No. 603 created a corporate body known as the Light Rail Transit Authority:
WHEREAS, the reorganization of the Department of Transportation and Communications under Executive Order No. 125 as amended, renders necessary changes in the composition of the Board of Directors of the Authority, an agency attached to that body;
NOW, THEREFORE, I, CORAZON C. AQUINO, President of the Philippines, do hereby order:
Section 1. Section 3 of the Executive Order No. 603 is hereby amended to read as follows:
"SECTION 3. Board of Directors. - The powers and functions of the Authority shall be vested in and exercised by the Board of Directors composed of the Secretary of Transportation and Communications as Chairman; the Secretary of Finance, the Secretary of Economic Planning, the Secretary of Public Works and Highways, the Secretary of Budget and Management, the Chairman of the Land Transportation Franchising and Regulatory Board, the Governor of the Metropolitan Manila Commission, and the Administrator of the Authority, as the ex-officio members; and one (1) representative from the private sector to be appointed by the President. The Appointed directors shall serve for a term of two (2) years.
The officials next in rank to, or such officials duly designed by, the regular members shall serve as alternate members, except that, in the absence of the Chairman, the Board shall elect a temporary presiding officer. The alternate members shall attend meetings in Board and committees assigned to them by their principals and receive the corresponding per diem, whenever their principals are absent or said positions are vacant.
The chairman and each member of the Board shall receive a monthly commutable representation allowance of ONE THOUSAND (1,000.00) PESOS and a per diem of TWO HUNDRED (200) PESOS for every meeting of the Board actually attended: Provided the total amount of the per diem which may be receive shall not exceed of ONE THOUSAND (1,000.00) PESOS a month."
Section 2. Effectivity. This Executive Order shall take effect immediately.
Done in the City of Manila, this 7th day of July, in the year of our Lord,
nineteen hundred and eighty seven.
CORAZON C.
AQUINO
President of the Philippines
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