By virtue of the powers vested in me by the Constitution, I,
FERDINAND E. MARCOS, President of the Philippines, hereby transfer and
cede to the Philippine Tourism Authority for tourism development the Islands of
Caban and Sombrero located in Batangas consisting of 55 hectares and 3 hectares,
respectively.
All laws, proclamations, executive orders or decrees inconsistent herewith
are hereby revoked or amended accordingly.
The Philippine Tourism Authority may not alienate the said islands or any
portion thereof without the prior approval of the President of the Philippines,
although it may encumber the same to any government financing institution for
tourism development purposes.
This Decree shall take effect immediately.
Done in the City of Manila, this 22nd day of November in the year of Our
Lord, nineteen hundred and seventy-seven.
(Sgd.) FERDINAND E. MARCOS
President of the
Philippines
By the President:
(Sgd.) JUAN C. TUVERA
Presidential
Assistant