End Toll Collection at Ipil Bridge, Isabela

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EXECUTIVE ORDER NO. 527: End Toll Collection at Ipil Bridge, Isabela

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Title Source: Supreme Court: End Toll Collection at Ipil Bridge, Isabela

Law: Executive Order No. 527

Decision Date: Aug 28, 1952

Executive Order No. 527, issued by President Elpidio Quirino, terminates the collection of tolls at the Ipil Bridge in Isabela following the full recovery of its construction costs and interest.

Law Summary

Full Recovery of Costs as Basis for Termination

The cost of constructing the Ipil Bridge has been fully recouped including interest at a rate of 4% per annum.
Certification of the full recovery was conducted in accordance with Act No. 3500, as amended.

Effective Date and Implementation

The termination order becomes effective immediately upon receipt by the Provincial Treasurer of Isabela or upon delivering a copy to said official.

Legal Authority and Formality

The order was issued by the President of the Philippines, Elpidio Quirino.
The Acting Executive Secretary, Marciano Roque, signed by authority of the President.
Date of issuance is August 28, 1952, marking the seventh year of Philippine Independence.

END