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Bacolod City, PhilippinesWednesday, November 20, 2013
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Hearing on P16-million
real estate tax today

The hearing on the injunction petition filed by the Murcia government against the Temporary Restraining Order issued by a court to the Central Negros Electric Cooperative stopping the town from collecting P16 million in tax dues from the power firm is scheduled today.

Judge Franklin Demonteverde of Regional Trial Court Branch 44, issued the TRO last week after the Municipal Treasurer of Murcia sent on Oct. 14 a warrant of distrain to Banco De Oro-Lacson Branch, where CENECO maintains a bank account so the town could collect the unpaid tax dues of the electric firm.

CENECO president Arnel Lapore earlier said that the cooperative will not pay the P16 million, claiming that they should be exempted from paying the real estate tax, but Murcia legal consultant Reyfrando Diaz said he firm is not entitled to the exemption as it is not registered under the Cooperative Development Authority, as prescribed under the Local Government Code.

Meanwhile, CENECO’s general membership assembly on the theme, “Meeting the Challenges in the Power Industry with Competence and Integrity”, will be held Saturday at the University of St. La Salle Coliseum.

CENECO general manager Sulpicio Lagarde said members from districts 2 to 9, who want to participate in this activity may coordinate with their respective Directors while those from district 1 may inquire from the registration committee at the CENECO office.

Lagarde said members are required to sign the attendance sheet at their respective registration desks as it is one of the requirements for those who wish to run for the district elections next year.

He said interested parties may inquire about the assembly through 435-3640 to 55 local 222 or 433-5475 and look for Cheryl Tortal, head of the cooperative promotions section.*APN

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