By virtue of the powers vested in me by the Constitution, I,
FERDINAND E. MARCOS, President of the Philippines, do hereby transfer,
cede and convey to the Philippine Tourism Authority (PTA) for tourism
development purposes certain parcels of land of the public domain of the
government located in Calarian, Zamboanga City, which parcels of land are more
particularly described in Proclamation No. 1491 dated August 26, 1975, reserving
the same parcels of land in favor of the PTA for the same purposes.
The PTA may not alienate the land or any portion thereof without the prior
authority of the President of the Philippines, although it may encumber the same
to any government financing institution for development purposes.
All laws, proclamations, orders and regulations inconsistent herewith are
hereby repealed and modified accordingly.
This Decree shall take effect immediately.
Done in the City of Manila, this 5th day of June, in the year of Our Lord,
nineteen hundred and seventy-eight.
(Sgd.) FERDINAND E. MARCOS
President of the
Philippines
By the President:
(Sgd.) JACOBO C. CLAVE
Presidential Executive
Assistant