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THE NAGA CITY COUNCIL

Sangguniang Panlungsod Ng Naga

PREVIOUS ORDINANCES (1948-2022)

7th Sangguniang Panlungsod (30 July 2001 – 30 June 2004)

ORDINANCE NO. 2003-046

AN ORDINANCE AMENDING ORDINANCE NO. 2002-084, ENTITLED: “AN ORDINANCE ADOPTING A CLASSIFICATION OF THE STALLS AT THE NAGA CITY PUBLIC MARKET AND PRESCRIBING CORRESPONDING RATES OF GOODWILL FOR THE FINAL TRANSFER OF RIGHTS OF OWNERSHIP THEREOF”, BY REDUCING TO FIFTEEN PERCENT (15%) THE RATES OF GOODWILL AND BY CHANGING THE MODE OF PAYMENT THEREOF

Category: Public Market
Principal Authors/Sponsors: Hon. Simeon F. Adan
Enacted: April 23, 2003

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Summary/Additional Info:
Summary: Ordinance No. 2003-046 amends Naga City’s Public Market regulations, specifically reducing goodwill rates to 15% for the final transfer of stall ownership rights. It also modifies payment terms: amounts P20,000 and below can be paid in cash by December 2003 with a one-year installment plan, while amounts above P20,000 require a 30% down payment by April 2003 and monthly installments until June 2004.

Related Resource:
Past officials of the City of Naga 1945-2022

Other Ordinances