DECLARING AS OPERATIVE THE MUNICIPAL ORDINANCE NO. 01-2012 OF THE MUNICIPALITY OF TINOC, ENTITLED, "AN ORDINANCE APPROVING THE LGU-TINOC, IFUGAO, PROPOSED LOAN OF FIFTEEN MILLION TWO HUNDRED TWENTY FIVE THOUSAND (Php15, 225, 000.00) P4ESOS, THE SPECIFIC PURPOSE, THE TERMS AND CONDITIONS, THE WAIVER OF RIGHTS TO BANK SECRERY AND OTHER REQUIREMENTS FOR SUBMISSION TO BANGKO SENTRAL NG PILIPINAS".