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PRESIDENTIAL DECREE NO. 1401
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PRESIDENTIAL DECREE NO. 1401 -
TRANSFERRING, CEDING AND CONVEYING TO THE PHILIPPINE TOURISM AUTHORITY
CERTAIN PARCELS OF LAND OF THE PUBLIC DOMAIN OF THE GOVERNMENT LOCATED
IN CALARIAN, ZAMBOANGA CITY, FOR TOURISM DEVELOPMENT PURPOSES
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chanroblesvirtualawlibrary
By virtue
of the powers vested in me by the Constitution I, FERDINAND E. MARCOS,
President of the Philippines, do hereby transfer, cede and convey to
the Philippine Tourism Authority (PTA) for tourism Development purposes
certain parcels of land of the public domain of the government located
in Calarian, Zamboanga City, which parcels of land are more
particularly described in Proclamation No. 1491 dated August 26, 1975,
reserving the same parcels of land in favor of the PTA for the same
purposes.
The PTA may not alienate the land or any portion thereof without the
prior authority of the President of the Philippines, although it may
encumber the same to any government financing institution for
development purposes.
All laws, proclamations, orders and regulations inconsistent herewith
are hereby repealed and modified accordingly. chanroblesvirtualawlibrary
This Decree shall take effect immediately.
Done in the City of Manila,
this 5th day of June, in the year of Our Lord, nineteen hundred and
seventy-eight.
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