Powers and Authorities Granted to the RCA
- The RCA is empowered to enter into negotiations relevant to rice importation.
- It may execute contracts necessary for securing rice imports.
- The RCA has authority to borrow funds from any government financing institution to facilitate import activities.
- It can perform all other acts necessary in relation to the importation of rice, ensuring operational flexibility.
Legal and Administrative Formalities
- The order is issued under the legal powers vested in the President of the Philippines.
- The Executive Order was signed by the President and countersigned by the Acting Executive Secretary.
- The formal issuance took place in Manila on April 13, 1964, establishing the effective date and official record of the designation.