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PRESIDENTIAL DECREE NO. 467
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PRESIDENTIAL DECREE NO. 467 -
APPROPRIATING CERTAIN SUMS OF MONEY FOR PORT DEVELOPMENT PURPOSES IN
THE PROVINCE OF CAGAYAN, ISLAND OF LUZON, AND FOR OTHER PURPOSES
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WHEREAS,
there is pressing need to accelerate the economic development program
of the Government for the early attainment of the objectives of the New
Society; chanroblesvirtualawlibrary
WHEREAS, pursuant to Proclamation No. 1265 dated May 21, 1974, all
lands of the public domain and government lands, including lands under
water, and whose within one kilometer inland from the national highway
situated along the coast from Tapal River, Gonzaga, Cagayan, to Nulton
Point, San Vicente, same province, has been reserved for port
development purposes;chanroblesvirtualawlibrary
WHEREAS, the Cagayan Valley is badly in need of a port of entry;chanroblesvirtualawlibrary
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the powers vested in me by the Constitution, do hereby
decree and order: chanroblesvirtualawlibrary
Section 1. The Secretary of Public Works,
Transportation and Communications shall immediately construct and
develop the port and harbor facilities within the area subject of
Proclamation No. 1265 dated May 21, 1974, between the municipalities of
Gonzaga and San Vicente, Cagayan. The Secretary in hereby authorized to
expropriate in behalf of the National Government, if and when
necessary, all private lands within the vicinity which are needed by
the Government for the purpose.
Section 2. The sum of Three Million Pesos
(P3,000,000.00) is hereby appropriated out of any funds from the
National Treasury not otherwise appropriated to carry out the purposes
of this Decree.
Section 3. All laws, decrees, rules and regulations
or parts thereof inconsistent herewith are hereby repealed or modified
accordingly.
Section 4. This Decree shall take effect
immediately. chanroblesvirtualawlibrary
Done in the City of Manila,
this 23rd day of May, in the year of Our Lord nineteen hundred and
seventy-four.
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