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Gonzales vs. National Housing Corporation, et al

RAMON A. GONZALES, petitioner, vs. NATIONAL HOUSING CORPORATION, BENJAMIN DEL ROSARIO, GREGORIO S. LICAROS, ROBERTO S. BENEDICTO, GILBERTO TEODORO, ESTEBAN BERNIDO, SOCIAL SECURITY SYSTEM, GOVERNMENT SERVICE INSURANCE SYSTEM, PHILIPPINE NATIONAL BANK, DEV

G.R. No. L-50092 | 1979-12-18

D E C I S I O N

MELENCIO-HERRERA, J:

This is a taxpayer's suit.

On June 26, 1968, respondent National Housing Corporation (NHC) was formed, with an authorized capital of P100,000.00, and with respondents Benjamin del Rosario, Gregory S. Licaros, Roberto S. Benedicto, Gilberto Teodoro and Esteban Bernido, as respective heads of the GSIS, DBP, PNB, SSS and PHHC, as incorporators and subscribers to shares of the capital stock of the firm. The primary purpose of the corporation was to assist in and coordinate the massive low-cost housing program of the Government.

On July 15, 1968, its capitalization was increased to P100 million, with the...