[ EXECUTIVE ORDER NO. 260-A, February 20, 1996 ]
AMENDING EXECUTIVE ORDER NO. 260 ENTITLED ADJUSTING THE DIVIDEND RATES OF SELECTED GOVERNMENT OWNED AND/OR CONTROLLED CORPORATIONS ON THEIR 1994 EARNINGS PURSUANT TO SECTION 5 OF REPUBLIC ACT NO. 7656
I, FIDEL V. RAMOS, President of the Philippines, by virtue of the powers vested in me by law, do hereby amend Section 1 of Executive Order No. 260 dated July 14, 1995 entitled Adjusting the Dividend Rates of Selected Government Owned and/or Controlled Corporations on their 1994 Earnings Pursuant to Section 5 of Republic Act No. 7656 by adjusting the dividend rate of the Metropolitan Waterworks and Sewerage System from thirty (30%) percent to twenty (20%) percent.
This Executive Order shall take effect immediately.
DONE in the City of Manila, this 20th day of February in the year of Our Lord, Nineteen Hundred and Ninety-Six.
(Sgd.) FIDEL
V. RAMOS
President of the Philippines
By the President:
(Sgd.) RUBEN D. TORRES
Executive Secretary