EXECUTIVE ORDER NO. 524 - EXTENDING THE LIFE OF THE CEMENT INDUSTRY AUTHORITY FOR ANOTHER FIVE YEARS

WHEREAS, the Cement Industry Authority was created under Presidential Decree No. 94, as amended by Presidential Decree No. 912, to regulate the cement industry in the Philippines and to expand cement export market to the end that idle capacity be utilized, foreign exchange generated and greater labor employment opportunities secured; and

WHEREAS, there is a need to extend the life of the Authority to enable it to fully realize its objectives;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by law, do hereby extend the life of the Cement Industry Authority for another five years from January 11, 1979.

Done in the City of Manila, this 12th day of February, in the year of Our Lord, nineteen hundred and seventy-nine.
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