RESOLUTION DESIGNATING THE LAND BANK OF THE PHILIPPINES, TAGBILARAN BRANCH AS OFFICIAL DEPOSITORY BANK OF THE MUNICIPALITY OF MARIBOJOC, BOHOL.
Sponsored by: Hon. Filomena Asedilla
WHEREAS, there is a moved to privatized the Philippine National Bank, thus converting the said bank into a private bank.
WHEREAS, the money of the Municipality of Maribojoc, Bohol should be deposited in the government bank in order so ensure safety and the transaction of the bank will be official for it is a government bank.
WHEREAS, the funding from the National Government will be channeled thru the government bank, hence there is a necessity to deposit and withdraw municipal accounts in the government bank;
BE IT RESOLVED, as it is hereby resolved to designate the Land Bank of the Philippines, Tagbilaran Branch to be the official depository bank of the Municipality of Maribojoc, Bohol;
BE IT RESOLVED FURTHER, that copies of this resolution be furnished, the Lank Bank of the Philippines, Tagbilaran Branch for information, guidance and acceptance of the Municipal deposits in said bank.
ENGR. GABINO C. REDULLA
ALBERTO E. ARANGOSO