Termination of tolls at Ipil Bridge, Isabela

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EXECUTIVE ORDER NO. 527: Termination of tolls at Ipil Bridge, Isabela

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Title Source: Supreme Court: Termination of tolls at Ipil Bridge, Isabela

Law: Executive Order No. 527

Decision Date: Aug 28, 1952

Executive Order No. 527 terminates toll collection at the Ipil Bridge in Isabela, Philippines, as the total cost of the bridge has been fully recovered, ensuring financial sustainability without toll fees.

Law Summary

Financial Recovery Requirement

Total cost of Ipil Bridge, plus interest at 4% per annum, must be fully recovered.
Recovery certification is done according to Act No. 3500, as amended.

Legal Scope and Authority

The order is issued under executive authority, reflecting the President's mandate.
Effective upon delivery or receipt by the Provincial Treasurer of Isabela.

Procedural Implementation

The Provincial Treasurer of Isabela will be formally notified to enforce the termination.
The toll collection stops immediately upon receipt of the order by the Provincial Treasurer.

Date and Official Endorsement

The order was signed on August 28, 1952, in Manila.
Signed by President Elpidio Quirino and Acting Executive Secretary Marciano Roque.

Key Legal References

Act No. 3500, as amended, provides the legal basis for cost recovery certification prior to toll termination.
Includes interest rate specification, ensuring full financial reimbursement before toll removal.

END