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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 914 - EXTENDING
THE LIFE OF THE CEMENT INDUSTRY AUTHORITY AND MAKING IT THE SOLE
AUTHORITY TO ESTABLISH PRICES OF CEMENT
WHEREAS, the Cement Industry Authority was
created under Presidential Decree No. 94, as amended by Presidential
Decree No. 912, to regulate the cement industry and to expand the
cement export market to the end that the idle capacity be utilized,
foreign exchange be generated, and greater employment opportunities be
secured;
WHEREAS, the life of the Authority will expire on January 11, 1984
under Executive Order No. 524, but there is still a need to extend its
life further to enable it to fully realize its objectives;
WHEREAS, the Authority and the Price Stabilization Council have the
power to establish prices of cement at particular levels of
distribution;
WHEREAS, it is advisable that the Authority be made the sole authority
for establishing cement prices;
WHEREAS, under Presidential Decree No. 1416 as amended, the President
is empowered to undertake such organizational and related improvements
as may be appropriate in the light of changing circumstances and new
developments;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the powers vested in me by the Constitution and the
authority vested in me by the Presidential Decree No. 1416 as amended,
do hereby order and ordain:
Section 1.
Sec. 2.
Sec. 3.
Done in the City of Manila,
this 15th day of October, in the year of our Lord, nineteen hundred and
eighty-three.
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