Republic Acts1 min read
Section 8Sec./Art. 8
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Section 87 of the same Act is hereby amended to read as follows:
"Section 87. Executive Officers: Compensation. - The Chief Executive of the Bank shall be the President, who shall be chosen and may be removed by the Board of Directors with the advice and consent of the President of the Philippines. His salary shall be fixed by the Board of Directors with the approval of the President of the Philippines. The President shall be assisted by Vice-Presidents as may be required, whose appointments and removal shall be approved and whose salaries shall be fixed in accordance with Section 90 hereof by the Board of Directors upon recommendation of the President of the Bank."
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