WHEREAS,
Section 6, Art. II of the Constitution reads
"Sec. 6. The State shall promote social justice to
ensure the dignity, welfare, and security of all the people Towards
this end, the State shall regulate the acquisition, ownership, use,
enjoyment, and disposition of private property, and equitably diffuse
property ownership and profits." chanroblesvirtualawlibrary
WHEREAS, under Proclamation No. 1893, Metropolitan Manila was declared
an urban land reform zone to prevent the unreasonable rise in the
prices of lands in the area; and
WHEREAS, to effectively carry out thems and objectives of the urban
land reform program in Metropolitan Manila, it is necessary to freeze
the prices of lands until appropriate guidelines, rules and regulations
shall have been adopted pursuant to Presidential Decree No. 1517 which
proclaimed urban land reform in this country.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the
Philippines, by virtue of the powers vested in me under Section 6,
Article II of the Constitution, do hereby order and decree. chanroblesvirtualawlibrary
Section 1. Any provision of law to the contrary
notwithstanding, the prices of lands within Metropolitan Manila, shall
until further orders be frozen at current market value determined in
accordance with Presidential Decree No. 76, as amended, and other
pertinent laws, decrees, rules or regulations.
Section 2. Any person who violates this Decree shall
suffer the penalty provided under Section 21 of Presidential Decree No.
1517.
Section 3. This Decree shall take effect immediately.
Done in the City of Manila,
this 21st day of September, in the year of Our Lord, nineteen hundred
and seventy-nine.
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