REPUBLIC OF THE PHILIPPINES
OFFICE OF THE PRESIDENT
BY THE PRESIDENT OF THE REPUBLIC OF THE PHILIPPINES
EXECUTIVE ORDER NO. 48
PROVIDING A BOARD OF DIRECTORS FOR THE “BIGASANG BAYAN” (BIBA)
By virtue of the powers vested in me by Act No. 10 to effect changes in the different ministries, bureaus, offices, agencies and instrumentalities of the Government, I, JOSE P. LAUREL, President of the Republic of the Philippines, do hereby order:
SECTION 1. The management of the “Bigasang Bayan” (BIBA) shall be vested in a Board of Directors consisting of five members appointed by the President of the Republic of the Philippines with the advice of his Cabinet. The President shall appoint the Chairman of the Board from among its members. Three members of the Board of Directors shall constitute a quorum for the transaction of business.
The decisions and policies of the Board shall be carried out by a General Manager who shall be appointed by the President of the Republic of the Philippines, upon the recommendation of the Board of Directors, at such rate of compensation as may be fixed by the President. All other officials and employees of the “Bigasang Bayan” (BIDA) shall be appointed by the General Manager with the approval of the Board of Directors.
SEC. 2. Such orders, rules and regulations as are inconsistent with the provisions of this Executive Order are repealed or modifies accordingly.
Done at the City of Manila, this 14th day of April, in the year of Our Lord, nineteen hundred and forty-four, and of the Republic of the Philippines, the first.
(SGD.) JOSE P. LAUREL
President of the Republic of the Philippines
By the President:
(SGD.) PEDRO SABIDO