AN ORDINANCE REQUIRING ALL COPRA DEALERS OR AGENTS WETHER RESIDING OR NOT IN THIS MUNICIPALITY WHO BUY COPRA WITHIN THE TERRITORIAL JURISDICTION OF CATARMAN, MISAMIS ORIENTAL TO PAY A MUNICIPAL LICENSE QUARTERLY ACCORDING TO CAPITAL.
Be it ordained by the Municipal Council of Catarman, Misamis Oriental, that:
Section 1
All copra dealers or agents whether residing or not in this municipality who buy copra within the territorial jurisdiction of Catarman Misamis Oriental should pay a municipal license quarterly according to capital, as follows:
Capital Quarterly license
P20,000.00 or more P250.00 a quarter
P15,000.00 but below P20,000.00 P150.00 a quarter
P10,000.00 but below P15,000.00 P75.00 a quarter
P 5,000.00 but below P10,000.00 P50.00 a quarter
P 1,000.00 but below P 5,000.00 P15.00 a quarter
Below P 500.00 P6.00 a quarter
Section 2
For the purpose of this ordinance, capital includes cash, trucks. And any other paraphernalia used in copra business.
Section 3
Before payment is made, a prospective copra buyer should submit with the Office of the Municipal Treasurer of Catarman, Misamis Oriental a statement of capital to be used in the business.
Section 4
PENALTY: Any copra dealer or agent found violating any provision of the above ordinance shall be punished by an imprisonment of not less than twenty (20) days nor more than thirty (30) days or a penalty of not less than P100.00 nor more than P250.00 or both at the discretion of the court.
Section 5
REPEALING CLAUSE: Any ordinance the provision or provisions of which is/are inconsistent with the provision or provisions of this ordinance is/are hereby repealed.
Section 6
EFFECTIVITY: This ordinance shall take effect immediately upon its approval.
APPROVED: JANUARY 6, 1965
PEDRO ADAZA, JR.
UBALDO M. GAA
BENIGNO Q. GABALES
LUIS A. BANAAG
MACEDON T. BORRES
MARCIANO B. DAWIS
PABLO C. BABAEL
PORFERIA M. EDER
CRISANTA B. BORRES
DOMNGO N. CHAVES