(k) To coordinate with other institutions and agencies involved in the research on herbal
GOVPH
medicines;
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(1) To adopt and use a corporate
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(m) To sue and be sued in its corporate name;
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(n) To succeed by its corporate name;
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(o) To adopt its bylaws and promulgate such rules and regulations as may be necessary or
proper to implement this Act, and to amend or repeal the same from time to time;
(p) To enter into, make and execute contracts and agreements of any kind or nature;
(q) To borrow, raise or obtain funds, or to enter into any financial or credit arrangement in order
to support or carry out its research programs, finance its capital and operating expenses,
subject to pertinent laws governing public debts and expenditure;
(r) To invest in, purchase or otherwise acquire, own, hold, use, mortgage, pledge, encumber,
sell, assign, convey, exchange, or otherwise deal in real and/or personal properties of whatever
kind and nature, or any interest therein, including shares of stock, bonds, notes, securities and
other evidences of indebtedness of natural or juridical persons, whether domestic or foreign and
whether government or private;
(s) To exercise all the powers of a corporation under the General Corporation Law, insofar as
such powers are not in violation of the provisions of this Act; and
(t) To exercise such other powers and functions, and perform other acts as may be necessary,
proper or incidental to the attainment of its purposes and objectives.
Section 7. Board of Trustees. – The corporate powers of the Institute shall be exercised, and all its
business, activities and properties shall be controlled by a Board of Trustees, hereinafter referred to
as the Board.
(a) Composition. – The Board shall be composed of the following:
Secretary of Health – ex-officio chairman
Permanent representatives of the following government offices:
Department of Science and Technology;
Department of Environment and Natural Resources;
Department of Agriculture;
Department of Education, Culture and Sports; and
Commission on Higher Education.
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