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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 562 -
REORGANIZING THE NATIONAL DEVELOPMENT COMPANY
WHEREAS,
there is a need to reorganize the National Development Company, created
by virtue of Commonwealth Act No. 182, as amended by Commonwealth Act
No. 311 and Presidential Decree Nos. 668, 747 and 1169, in order to
make it responsive to our development efforts;
WHEREAS, the corporation must be structured in such a manner as to give
impetus to a number of priority industrial projects;
WHEREAS, it is important that such corporate vehicle should have a
policy-making Board composed of heads of agencies who are in a position
to make decisions on major industrial projects;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the powers vested in me by law, do hereby order:
Section 1.
Sec. 2.
Sec. 3.
Sec. 4.
Sec. 5.
Sec. 6.
Done in the City of Manila,
this 1st day of October, in the year of Our Lord, nineteen hundred and
seventy nine.
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Since 19.07.98.