Question & AnswerQ&A (EXECUTIVE ORDER NO. 527)
The subject is the termination of the collection of tolls at the Ipil Bridge in the Province of Isabela.
The total cost of the Ipil Bridge plus interest at four percent per annum must be fully recovered, as certified under the provisions of Act No. 3500, as amended.
The interest rate mentioned is four percent per annum.
The Provincial Treasurer of Isabela is responsible for receiving a copy of the Executive Order for its effectivity.
The certification is made in accordance with the provisions of Act No. 3500, as amended.
The legal effect is the official termination of toll collection at the Ipil Bridge once all costs and interests are fully recovered.
It takes effect upon receipt or copy of the order by the Provincial Treasurer of Isabela.
It indicates that the order was made in the seventh year of Philippine independence, marking the historical context and dating system used.
Marciano Roque acted as the Executive Secretary when the order was promulgated.