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LETTER OF INSTRUCTIONS
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LETTER OF INSTRUCTIONS NO. 49
TO :
The Secretary of National Defense
In view of the fact that Mr. Fernando Jacinto and his children, who
constitute the majority stockholders and members of the Board of
Directors of the corporations now under custody and possession of the
government, pursuant to LOI 39, are not in the country, thereby
preventing the settlement of the obligations of these corporations to
legitimate creditors, it is now necessary to protect the interest of
the government and the creditors of these corporations by taking over
the management, control, and operation of all the corporations in which
the Jacinto family have controlling interest.
You are therefore directed to take over the management, control, and
operation of all the corporations in which the Jacinto family have
controlling interest during the existence of the presentational
emergency.
January 5, 1973
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