ChanRobles Virtual law Library








A collection of Philippine laws, statutes and codes
not included or cited in the main indices
of the Chan Robles Virtual Law Library

THE CHAN ROBLES VIRTUAL LAW LIBRARY - QUICK GLANCE
Philippines | Worldwide | The Business Page



PRESIDENTIAL DECREE NO. 770



PRESIDENTIAL DECREE NO. 770  - AN ACT TRANSFERRING OWNERSHIP OF THE ENGINEER ISLAND TO THE NATIONAL STEEL AND SHIPYARD CORPORATION (NASSCO) AND AUTHORIZING THE DISPOSITION THEREOF

 chanroblesvirtualawlibrary

WHEREAS, various government performance evaluation and/or study groups have recommended the disposition of all NASSCO properties and units, including the Engineer Islands Shops (EIS), in the interest of the national government;chanroblesvirtualawlibrary

WHEREAS, for all intents and purposes the Engineer Islands where the shops and facilities are located, has through the years been treated as NASSCO's property as evidenced by its inclusion in NASSCO's fixed assets as reported by the Government's accountant and auditor;  chanroblesvirtualawlibrary

WHEREAS, in order to facilitate the disposition of all assets of NASSCO including the Engineer Island, there is a need to transfer ownership of said Island to NASSCO;chanroblesvirtualawlibrary

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution of the Philippines, hereby decree as follows:cralaw:red

Section 1.    The title to and ownership of the Engineer Island located in the City of Manila, is hereby transferred to and vested in the  NASSCO.

Section 2.    The Engineer Island herein conveyed shall be resurveyed by the Bureau of Lands within fifteen (15) days from the promulgation of this Decree to ascertain its actual location and boundaries. Thereafter, the proper Register of Deeds shall register the same and issue the corresponding certificate of title to the NASSCO.

Section 3.    Any provision of law, proclamation, ordinance, rules and regulations to the contrary notwithstanding, the NASSCO may transfer absolute ownership to the Engineer Island or any portion thereof and convey the same to person or corporations qualified to acquire land under the Constitution, either through public bidding or through negotiations, as the interest of the government warrants.

Section 4.    All laws, executive orders, proclamations, rules and regulations or part thereof inconsistent with this Decree are hereby repealed and/or modified accordingly.  chanroblesvirtualawlibrary

Section 5.    This Decree shall take effect immediately.

Done in the City of Manila this 20th day of August, in the year of Our Lord, nineteen hundred and seventy-five.


Back to Home   -  Back to Main
chanroblesvirtuallawlibrary




Since 19.07.98




































chanrobles.com




ChanRobles Legal Resources:

ChanRobles On-Line Bar Review

ChanRobles Internet Bar Review : www.chanroblesbar.com

ChanRobles MCLE On-line

ChanRobles Lawnet Inc. - ChanRobles MCLE On-line : www.chanroblesmcleonline.com