2009 R - 161 - APPROVING THE LETTER OF PROXY OF MR. LEX MAGRATA TO REPRESENT THE CITY IN THE ANNUAL STOCKHOLDER’S MEETING OF SUBIC WATER AND SEWERAGE

EXCERPTS FROM THE MINUTES OF THE REGULAR SESSION OF THE SANGGUNIANG PANLUNGSOD OF OLONGAPO, HELD ON OCTOBER 28, 2009, AT THE CITY HALL.

PRESENT:

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

Hon. John Carlos G. delos Reyes- - -City Councilor

Hon. Rodel S. Cerezo- - - - “ “

Hon. Edwin J. Piano- - - “ “

Hon. Angelito W. Baloy - - - - “ “

Hon. Aquilino Y. Cortez, Jr. - - “ “

Hon. Anselmo A. Aquino- “ “

Hon. Elena C. Dabu- - “ “

Hon. Jonathan G. Manalo- - - - “ “

ABSENT:

Hon. Gina Gulanes-Perez - - - City Councilor

(On Official Business)

Hon. Sarah Lugerna Lipumano-Garcia - - - - - - City Councilor

Hon. Cheenee F. Hoya- - - SK Federation President

(On Official Business)

RESOLUTION NO. 161

(Series of 2009)

A RESOLUTION APPROVING THE LETTER OF PROXY OF MR. LEX BYRON R. MAGRATA TO REPRESENT THE CITY OF OLONGAPO IN THE ANNUAL STOCKHOLDER’S MEETING OF SUBIC WATER & SEWERAGE CO., INC. INCLUDING OLONGAPO CITY

WHEREAS, the City of Olongapo a public corporation, is a stockholder of Subic Water & Sewerage Co., Inc. has received a notice of its Annual Stockholder’s meeting dated October 14, 2009;

WHEREAS, the regular annual meeting of the stockholders of Subic Water & Sewerage Co., Inc. will be held at Subic Water Building, Subic Bay Freeport Zone on November 5, 2009, Thursday, at 9:00 o’clock in the morning;

WHEREAS, for the purpose of the meeting, only stockholders of record shall be qualified to attend and act during the stockholder’s meeting;

WHEREAS, stockholders may attend by himself or proxy, and if the attendance is by proxy, a dated and signed proxy letter must be received by the Corporate Secretary on or before the start of the meeting in order to be considered for the quorum and to qualify to act and vote during the said meeting;

WHEREAS, if the stockholder is a corporation, as in the case of the City of Olongapo, the appointment of proxy must be made or supported by an appropriate City Council’s resolution and duly signed by the City Mayor;

WHEREAS, this resolution is adopted without prejudice to the city’s court cases involving Subic Water and Sewerage Co., Inc.;

WHEREAS, Mr. Lex Byron R. Magrata is hereby named, constituted and appointed as proxy to represent the City of Olongapo in the Annual Stockholder’s Meeting of Subic Water & Sewerage Co., Inc.;

NOW, THEREFORE, on motion of City Councilor Jonathan G. Manalo, 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 approve, as it hereby approves the letter of proxy of Mr. Lex Byron R. Magrata to represent the City of Olongapo in the annual stockholder's meeting of Subic Water & Sewerage Co., Inc.

APPROVED UNANIMOUSLY, October 28, 2009.

CYNTHIA G. CAJUDO

City Vice-Mayor & Presiding Officer

GINA GULANES-PEREZ JOHN CARLOS G. DELOS REYES

City Councilor City Councilor

(On Official Business)

RODEL S. CEREZO SARAH LUGERNA LIPUMANO-GARCIA

City Councilor City Councilor

(Absent)

EDWIN J. PIANO ANGELITO W. BALOY

City Councilor City Councilor

AQUILINO Y. CORTEZ, JR. ANSELMO A. AQUINO

City Councilor City Councilor

ELENA C. DABU JONATHAN G. MANALO

City Councilor City Councilor

CHEENEE F. HOYA

SK Federation President

(On Official Business)

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