Name, Formation, Responsibilities and Abilities of the

Corporation. There is hereby authorized the establishment of a “Guam Slaughterhouse Corporation” (“Corporation”) to accomplish the mandate of this Act. Subject to Guam laws, the Corporation shall have the abilities and responsibilities of a privately-owned commercial corporation and be subject to the same tax laws as privately-owned corporations, including the Guam Business Privilege Tax. As a private commercial corporation, however, it shall be exempt from government of Guam rules, regulations and other requirements regarding hiring, personnel management and procurement.