PROVINCIAL RESOLUTION NO. 1995-396

Title

RESOLUTION AMENDING RESOLUTION NO. 329, SERIES OF 1994, OF THIS SANGGUNIAN, BY INCREASING THE AMOUNT TO BE WITHHELD BY THE PHILIPPINE NATIONAL BANK, IFUGAO BRANCH, FROM THE DEPOSIT OF THE PROVINCIAL GOVERNMENT WITH SAID BANK UNDER THEIR "DEPOSIT HOLD-OUT AGREEMENT" TO BE USED TO OPEN A LETTER OF CREDIT FOR THE PURCHASE AND IMPORTATION OF VARIOUS EQUIPMENTS AS AUTHORIZED IN RESOLUTION NO. 307, SERIES 1994, ALSO OF THIS SANGGUNIAN, FROM (P4,500,000.00) TO (P4,650,000.00) AND REQUESTING THE PNB BOARD OF DIRECTORS TO FACILITATE THE APPROVAL OF THE LOAN OF THE PROVINCE WITH THE SAME BANK

Approved: June 1, 1995

Author/s: