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hereby repealed and/or modified accordingly.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.
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