REPUBLIC ACT NO. 430 - AN ACT AUTHORIZING THE APPROPRIATION OF THE SUM OF ONE HUNDRED AND FIFTY THOUSAND PESOS FOR THE ESTABLISHMENT OF A CERAMIC PLANT IN TIWI, ALBAY, AND FOR OTHER PURPOSES.
Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:
SECTION 1. The sum of one hundred and fifty thousand pesos or so much thereof as may be necessary is hereby authorized to be appropriated out of the General Funds in the National Treasury not otherwise appropriated, for the establishment of a ceramic plant in Tiwi, Albay, including the purchase of land, equipment, materials, supplies, and the construction of buildings and shops in connection with the work; said project to be undertaken by the Institute of Science.
SEC. 2. The ceramic plant shall study, manufacture and sell ceramic products such as bricks, tiles, pipes, tableware, dinnerware, insulators, and others. The proceeds of the sale shall be used as a revolving fund for the operation of the plant, improvement of the products, and other studies connected with the project.
SEC. 3. Should the plant be sold to private individuals or corporations, the proceeds shall be employed for the establishment of similar plant or plants in other regions to be recommended by the Director, Institute of Science and approved by the President of the Philippines.
SEC. 4. This Act shall take effect upon its approval.
Approved, June 7, 1950.
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