S. No. 613 / 53 OG No. 19, 6439 (October 15, 1957
"SEC. 2. The said University shall primarily give professional and technical training, besides providing advanced instruction in literature, philosophy, the sciences, and arts. More emphasis, however, shall be given in the teaching of Filipino Native Culture, Art, Sciences, Philosophy and Literature. Researches on these lines shall be undertaken by the University."SEC. 3. Section four of the same Act is hereby amended to read as follows:
"SEC. 4. The government of said University is vested in a board of regents to be known as the Board of Regents University of Mindanao.SEC. 4. Section sixteen of the same Act is hereby amended to read as follows:
The Board of Regents shall be composed of ten members, five to be appointed by the President of the Philippines, with the consent of the Commission on Appointments. The President of the Philippines shall designate one to serve for one year, one to serve for two years, one to serve for three years, one to serve for four years, and one to serve for five years.
The other five (5) members shall be elected by the University of Mindanao Alumni Association from its members as soon as there are enough graduates of said University—one to be elected for a term of one year, one to be elected for a term of two years, one to be elected a term of three years, one to be elected for a ten four years, one to be elected for a term of five years: Provided, however, That in the meantime that there not enough graduates of the said University, the President of the Republic of the Philippines shall appoint the five members with the consent of the Commission on Appointments for a term as herein above provided. Thereafter persons appointed to succeed such members shall hold office for a term of five years and until their successors are appointed or elected as the case may be. In case of a vacancy among the members of the Board of Regents, such vacancy shall be filled by appointment by the President of the Philippines, with the consent of the Commission on Appointments or elected by the Alumni Association and such appointee or person elected shall hold office for tb unexpired term only. All members of the Board of Regents shall be residents of the Philippines. No person in the employ of the University or in any other educational institution in any capacity whatsoever, whether; dean, professor, instructor, lecturer, or otherwise, shall be eligible for membership in the Board.
The President of the Republic of the Philippines, the selection of members to compose the Board of Regents, preference shall be given to residents of Mindanao particularly of the Province of Lanao.
The Superintendent of Schools for the Province Lanao shall be an ex officio member of the Board. The President of the University shall be elected and his Compensation shall be fixed by the Board of Regents. He shall be the ex officio chairman of the Board.
In case of vacancy in the office of the President of the University, the ranking member of the Board in point of length of service and who is an alumnus of the said University, shall act as chairman until one is regularly elected in accordance in this Act.
Members shall serve without compensation, but they reimbursed for necessary expenses incurred either in attendance upon meetings of the Board or upon other official business authorized by resolution of the Board."
"SEC. 16. The sum of five hundred thousand pesos is hereby authorized to be appropriated, out of any funds in the National Treasury not otherwise appropriated, to be extended in the discretion of the Board of Regents for the establishment of a college or colleges authorized by this Act, the establishment of which may be considered more urgent.SEC. 5. This Act shall take effect upon its approval.
All scholarship funds intended for the non-christian tribes provided for under any law or Executive Order shall be transferred to the University of Mindanao and its disposition according to such laws or Executive Orders shall be handled by the Board of Regents.
Beginning with fiscal year nineteen hundred fifty-eight-nineteen hundred fifty-nine an additional sum of two million pesos is hereby authorized to be appropriated as subsidy to the University of Mindanao to carry out the purposes of this Act."