End Tolls at Hibag Bridge, Leyte

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EXECUTIVE ORDER NO. 50: End Tolls at Hibag Bridge, Leyte

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Title Supreme Court: End Tolls at Hibag Bridge, Leyte

Law: Executive Order No. 50

Decision Date: Aug 10, 1954

Ramon Magsaysay, President of the Philippines, orders the termination of toll collection at the Hibagnan Toll Bridge in Leyte after the total cost, including interest, has been fully recovered.

administrative order

toll collection

executive order

A

Basis for Termination

The decision is grounded in the full recovery of the total cost of the Hibagnan Toll Bridge.
Full recovery includes the principal amount plus interest calculated at a rate of 4% per annum.
Certification of this full recovery complies with the provisions set forth in Act No. 3500, as amended.

Legal Authority and Implementation

The order to terminate toll collection is issued through an executive order by the President of the Philippines.
The directive takes effect upon receipt of the official copy by the Provincial Treasurer of Leyte.

Date and Authentication

The executive order was signed in Manila on August 10, 1954.
It bears the signature of President Ramon Magsaysay and the Executive Secretary, Fred Ruiz Castro, marking its legal effect and enforcement.

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