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PRESIDENTIAL DECREE NO. 1085
PRESIDENTIAL DECREE NO. 1085 -
CONVEYING THE LAND RECLAIMED IN THE FORESHORE AND OFFSHORE OF THE
MANILA BAY (THE MANILA-CAVITE COASTAL ROAD PROJECT) AS PROPERTY OF THE
PUBLIC ESTATES AUTHORITY AS WELL AS RIGHTS AND INTEREST WITH ASSUMPTION
OF OBLIGATIONS IN THE RECLAMATION CONTRACT COVERING AREAS OF THE MANILA
BAY BETWEEN THE REPUBLIC OF THE PHILIPPINES AND THE CONSTRUCTION AND
DEVELOPMENT CORPORATION OF THE PHILIPPINES
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WHEREAS,
the National Government acting through the Department of Public
Highways is presently undertaking pursuant to the provisions of Section
3(m) of Republic Act No. 5137 as amended by Presidential Decree No.
3-A, the reclamation of a portion of the foreshore and offshore areas
of the Manila Bay from the Cultural Center of the Philippines passing
through Pasay City, Parañaque, Las Piñas, Zapote, Bacoor
up to Cavite City; chanroblesvirtualawlibrary
WHEREAS, in the implementation of the above-cited laws bidding was held
for the reclamation works and the corresponding contract awarded to the
Construction and Development Corporation of the Philippines;chanroblesvirtualawlibrary
WHEREAS, it is in the public interest to convert the land reclaimed
into a modern city and develop it into a governmental, commercial,
residential and recreational complex and this is better accomplished
through a distinct entity organized for the purpose;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 the following:cralaw:red
The land reclaimed in the foreshore and offshore area of Manila Bay
pursuant to the contract for the reclamation and construction of the
Manila-Cavite Coastal Road Project between the Republic of the
Philippines and the Construction and Development Corporation of the
Philippines dated November 20, 1973 and/or any other contract or
reclamation covering the same area is hereby transferred, conveyed and
assigned to the ownership and administration of the Public Estates
Authority established pursuant to P.D. No. 1084; Provided, however,
That the rights and interest of the Construction and Development
Corporation of the Philippines pursuant to the aforesaid contract shall
be recognized and respected.
Henceforth, the Public Estates Authority shall exercise the rights and
assume the obligations of the Republic of the Philippines (Department
of Public Highways) arising from, or incident to, the aforesaid
contract between the Republic of the Philippines and the Construction
and Development Corporation of the Philippines.
In consideration of the foregoing transfer and assignment, the Public
Estates Authority shall issue in favor of the Republic of the
Philippines the corresponding shares of stock in said entity with an
issued value of said shares of stock shall be deemed fully paid and
non-assessable.
The Secretary of Public Highways and the General Manager of the Public
Estates Authority shall execute such contracts or agreements, including
appropriate agreements with the Construction and Development
Corporation of the Philippines, as may be necessary to implement the
above.
Special land patent/patents shall be issued by the Secretary of Natural
Resources in favor of the Public Estate Authority without prejudice to
the subsequent transfer to the contractor or his assignees of such
portion or portions of the land reclaimed or to be reclaimed as
provided for in the above-mentioned contract. On the basis of such
patents, the Land Registration Commission shall issue the corresponding
certificates of title.
In witness whereof, I have hereunto set my hand and caused the seal of
the Republic of the Philippines to be affixed.
Done in the City of Manila,
this 4th day of February, in the year of Our Lord, nineteen hundred and
seventy-seven.
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