DECLARING AS VALID AND OPERATIVE THE MUNICIPAL ORDINANCE NO.16, SERIES OF 2014, OF THE MUNICIPALITY OF BANAUE, ENTITLED, "AN ORDINANCE AUTHORIZING THE PROPOSED BORROWING OF THE MUNICIPALITY OF BANAUE, PROVINCE OF IFUGAO IN THE AMOUNT OF FIFTY FIVE MILLION PESOS (PHP55,000,000.00) TO FUND THE CONSTRUCTION AND DEVELOPMENT OF A MEDIUM RISE BUILDING (PARKING)"
