2008 O - 16 - APPROPRIATING THE AMOUNT OF PhP121,233.25 FOR THE DOCUMENTARY STAMP TAX NECESSARY FOR THE ASSIGNMENT OF SUBICWATER SHARE RIGHTS

EXCERPTS FROM THE MINUTES OF THE REGULAR SESSION OF THE SANGGUNIANG PANLUNGSOD OF OLONGAPO, HELD ON MARCH 26, 2008 AT THE CITY HALL.

PRESENT:

Hon. Cynthia G. Cajudo - - - - - - - - - - - - - - - - - - City Vice-Mayor & Presiding Officer

Hon. Gina Gulanes-Perez - - - - - - - - - - - - - - - - City Councilor
Hon. John Carlos G. Delos Reyes - - - - - - - - - - - - “ “
Hon. Rodel S. Cerezo - - - - - - - - - - - - - - - - - - - - “ “
Hon. Sarah Lugerna Lipumano-Garcia- - - - - - - - - “ “
Hon. Edwin J. Piano - - - - - - - - - - - - - - - - - - - - - “ “
Hon. Angelito W. Baloy - - - - - - - - - - - - - - - - - - “ “
Hon. Aquilino Y. Cortez, Jr. - - - - - - - - - - - - - - - - “ “
Hon. Anselmo A. Aquino - - - - - - - - - - - - - - - - - - “ “
Hon. Elena C. Dabu - - - - - - - - - - - - - - - - - - - - - “ “
Hon. Cheenee F. Hoya - - - - - - - - - - - - - - - - - - - - SK Federation President

ABSENT:

Hon. Carlito A. Baloy- - - - - - - - - - - - - - - - - - - - - President, Liga ng mga Barangay
(On Leave)


In the interest of public service and on motion of Councilor Gina Gulanes-Perez co- sponsored by Councilors John Carlos G. delos Reyes, Rodel S. Cerezo, Edwin J. Piano, Angelito W. Baloy, Aquilino Y. Cortez, Jr., Anselmo A. Aquino, Elena C. Dabu and Cheenee F. Hoya, with the unanimous accord of the Members of the Sangguniang Panlungsod present,

RESOLVED, AS IT IS HEREBY RESOLVED, by the Sangguniang Panlungsod in session assembled, to enact the following Ordinance:

ORDINANCE NO. 16
(Series of 2008)

AN ORDINANCE APPROPRIATING THE AMOUNT OF ONE HUNDRED TWENTY-ONE THOUSAND TWO HUNDRED THIRTY-THREE PESOS AND TWENTY-FIVE CENTAVOS (PhP121,233.25) FOR THE DOCUMENTARY STAMP TAX NECESSARY FOR THE ASSIGNMENT OF SUBICWATER SHARE RIGHTS FROM THE OLONGAPO CITY WATER DISTRICT TO THE OLONGAPO CITY GOVERNMENT

BE IT ORDAINED BY THE SANGGUNIANG PANLUNGSOD IN SESSION ASSEMBLED, THAT:

SECTION 1. The amount of One Hundred Twenty-One Thousand Two Hundred Thirty-Three Pesos and Twenty-Five Centavos (PhP121,233.25) is hereby appropriated to the Documentary Stamp Tax necessary for the assignment of Subicwater Share Rights from the Olongapo City Water District to the City Government.

SECTION 2. This ordinance shall be subject to the usual accounting and auditing rules and regulations.

SECTION 3. The pertinent first endorsement letter of City Treasurer Marcelino Andawi dated 24 March 2008, letter-request of the City Mayor dated March 25, 2008 and the Certificate of Availability of Funds dated 26 March 2008 shall be made an integral part of this Ordinance.

SECTION 5. This Ordinance shall take effect upon its approval.

APPROVED UNANIMOUSLY, March 26, 2008.


CYNTHIA G. CAJUDO
City Vice-Mayor & Presiding Officer


GINA GULANES - PEREZ JOHN CARLOS G. DELOS REYES
City Councilor City Councilor


RODEL S. CEREZO SARAH LUGERNA LIPUMANO-GARCIA
City Councilor City Councilor


EDWIN J. PIANO ANGELITO W. BALOY
City Councilor City Councilor


AQUILINO Y. CORTEZ, JR ANSELMO A. AQUINO
City Councilor City Councilor


ELENA C. DABU CARLITO A. BALOY
City Councilor President, Liga ng mga Barangay
(On Leave)


CHEENEE F. HOYA
SK Federation President



ATTEST:

ELFLIDA S. SALMON
Council Secretary

APPROVED BY HIS HONOR, THE CITY MAYOR ON______________________.



JAMES GORDON, JR.
City Mayor

ATTEST:

DELFIN A. JUICO, JR.
Secretary to the City Mayor