PROPOSED CARGO HANDLING RATES ADJUSTMENTS
The records of the Office of the Corporate Secretary show that
during the Two Hundred Forty Ninth (249th) Meeting of the Board of
Directors of the Subic Bay Metropolitan Authority held last 27 September
2013 wherein there was a quorum to validly transact business, the
following resolution was approved:
Resolution No. 13-09-4870
“Resolve, as it is hereby resolved, that upon recommendation
of Management and without prejudice to COA Regulations and pertinent
laws on the matter, the Board hereby approves the Proposed Cargo
Handling Rates Adjustments* as contained in Management’s Memoranda dated
September 12 and 20, 2013, respectively, copies of which are
incorporated herein by way of reference.”
(SGD) RUBEN O. FRUTO
Corporate Secretary
* Text Available at the Office of the National Administrative Register, U.P. Law Complex, Diliman, Quezon City.