AUTHORIZING MRS. ANASTACIA M. AROCHA, MUNICIPAL TREASURER, MARIBOJOC, BOHOL TO REACTIVATE THE DORMANT ACCOUNT NO. 0612-1136-45 INTENDED FOR THE SLAUGHTERHOUSE PROJECT FUNDED BY THE DEPARTMENT OF ENERGY (DOE).

Authored by: Hon. Alberto E. Arangoso

WHEREAS, the Municipal Treasurer of Maribojoc, Bohol has deposited an amount of P298,306.00 on March 21, 2007 at the Land Bank of the Philippines, Tagbilaran Branch, Tagbilaran City, the share of the LGU-Maribojoc, Bohol from the NAPOCOR operations of the Power Barge 101 docked at the Maribojoc Wharf;

WHEREAS, the Account No. 0612-1136-45 has been dormant for more than a year at the Land Bank of the Philippines, Tagbilaran City on the ground that the amount of P301,325.60 with interest as of July 31, 2008 is still unused due to the none implementation of the amount for the Slaughterhouse project;

WHEREAS, the Bank regulations of dormant account of a depositor will be first reactivated before any transaction can be done for the said account;

WHEREAS, the money intended for the slaughterhouse project will be withdrawn from the Land Bank of the Philippines, Tagbilaran Branch because the construction materials are already delivered by the winning bidder and said bidder is requesting for payment of the materials;

WHEREAS, to withdraw money from the said account it is necessary to reactivate the Account No. 0612-1136-45 at the Land Bank of the Philippines, Tagbilaran Branch;

WHEREFORE, BE IT RESOLVED, by the Sangguniang Bayan in their session duly assembled;

“To authorize Mrs. Anastacia M. Arocha, Municipal Treasurer of Maribojoc, Bohol to reactivate the dormant Account No. 0612-1136-45 intended for the Slaughterhouse Project funded by the Department of Energy (DOE)”;

BE IT RESOLVED FURTHER, that copies of this resolution be furnished, the Manager, Land Bank of the Philippines, Tagbilaran Branch, Tagbilaran City and Mrs. Anastacia M. Arocha, Municipal Treasurer, Maribojoc, Bohol for guidance and appropriate action.

Unanimously adopted.

I HEREBY CERTIFY TO THE CORRECTNESS
OF THE ABOVE QUOTED RESOLUTION:

ERLINDA V. CASTILLON
Acting Secretary to the Sanggunian

ATTESTED:

ENGR. GABINO C. REDULLA
Vice Mayor
Presiding Officer