Monday, February 27, 2006

State takeover of public utility

President Gloria Macapagal-Arroyo issued proclamation No. 1017 which declared a state of national emergency on February 24, 2006.
One of the main constitutional bases in issuing the proclamation is Section 17 Article XII, which is the chapter on National Economy and Patrimony. It states:

"Sec. 17. In times of national edmergency, when the public interest so requires, the state may, during the emergency and under reasonable terms prescribed by it, temporarily take over or direct the operation of any privately owned public utility or business affected with public interest."

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