CONVEYING CERTAIN PARCELS OF LAND OF THE PUBLIC DOMAIN TO THE NATIONAL DEVELOPMENT COMPANY FOR PRIORITY PROJECTS, ESTABLISHING A SPECIAL PROCEDURE FOR MAKING AVAILABLE LANDS OF THE PUBLIC DOMAIN FOR PRIORITY PROJECTS OF THE NATIONAL DEVELOPMENT COMPANY, AND FOR OTHER PURPOSES.

• Number: Presidential Decree No. 1766
• Sections: 8

Preamble

WHEREAS, there are priority projects that need to be

undertaken in order to accelerate national economic development;

WHEREAS, it is the declared policy of the State to promote

overall economic development through assistance to commercial, industrial,

agricultural, mining or other ventures, and for this purpose, it may, on its own

or in joint venture with the private sector, undertake priority projects;

WHEREAS, the National Development Company is a major

corporate vehicle of the Government empowered to engage or invest in commercial,

industrial, agricultural, mining, and other enterprises in which the private

sector is unwilling or unable to come in due to the high capital requirements or

due to the great risks involved, but which enterprises ire necessary or

contributory to national economic development, or important to the public

interest;

WHEREAS, the National Development Company is empowered by

law to hold all kinds of land, even in excess of areas permitted private

corporations, associations, and persons by the Constitution and by the laws of

the Philippines;

WHEREAS, in order to ensure speedy implementation of the

priority projects, it is necessary that lands of the public domain be readily

made available to the National Development Company;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the

Philippines, by virtue of the powers vested in me by the Constitution, do hereby

decree and make part of the law of the land the following:

Section 1

SECTION 1. The parcels of land of the public domain covered

by Proclamation No. 1939 dated June 22, 1980, and Proclamation No. 2041 dated

December 9, 1980 and all other lands covered by lease agreements between the

Government of the Republic the Philippines and the National Development Company

are hereby classified as alienable and disposable lands being more suitable for

the priority projects of the National Development Company. These lands are

hereby brought under the supervision and control of, and conveyed in full and

absolute ownership, subject to private rights if any, to the National

Development Company, The fair market value of said parcels of land shall be

determined by a professional firm of appraisers designated by the Minister of

Industry, and the fair market value so determined shall be recorded in the books

of the National Development Company as part of the National Government's

contribution to the equity capital of the National Development Company.

The parcels of land herein conveyed shall be registered by be proper Register

of Deeds and corresponding certificated of title shall be issued in the name of

the National Development Company. In the event that a survey is required for a

particular parcel or parcels of land to establish motes and bounds for purposes

of registration, the Bureau of Lands shall immediately undertake the necessary

survey.

Section 2

SEC. 2. Any provision of law to the contrary

notwithstanding, the President may be executive proclamation declare and set

aside any other tract or tracts of land of the public domain which shall be made

available as a Government Reservation, subject to private rights, if any, for

the use if the National Development Company for the purpose of undertaking,

priority projects, including but not limited to plantation agriculture,

industrial tree plantation, industrial tree plantations, industrial reservations

and other priority projects as may be authorized by its Revised Charter or by

special law.

A certified copy of every proclamation of the President issued under the

provisions of this Decree shall be forwarded and recorded in the registers of

the Bureau of Forest Development, the Bureau of Lands, the Bureau of Mines, the

proper Register of Deeds, and any other appropriate government bureau, agency or

office, within fifteen (15) days from the ate of the proclamation.

Section 3

SECTION. 3. In the event that a survey of metes and bounds

necessary, the same may be undertaken by the Bureau of Lands by any person or

entity duly authorized by the Minister of Industry and confirmed by the Bureau

of Lands within (15) days from submission of survey returns.

Section 4

SECTION 4. Lands declared as Government reservations for use

of the National Development Company for priority projects under the provisions

of this Decree shall be recorded in the books of the National Development

Company at their fair market value as determined by a professional firm of

appraisers designated by the Minister of Industry, The value so established all

form part of the National Government's contribution to the equity capital of the

national Development Company.

Section 5

SECTION 5. The National Development Company shall develop

and use, or cause to be developed and used, the lands made Callable under the

provisions of this Decree for its priority projects. For this purpose, the

National Development Company may enter into any contract, including but not

limited to lease contracts, operating agreements, or growers' agreement, with

any person or entity it shall consider competent in connection with the

development and use of all or any portion of the lands herein made

available.

Section 6

SECTION 6. All laws, decrees, executive orders,

proclamations, instructions, rules or regulations, or parts thereof which are

inconsistent with the provisions of this Decree are hereby repealed and/or

modified accordingly.

Section 7

SECTION 7. This Decree shall take effect immediately.

Done in the City of Manila, this 11th day of January, in the year of Our

Lord, nineteen hundred and eighty one.

(Sgd.) FERDINAND E. MARCOS

President of the

Philippines

By the President:

(Sgd.) JOAQUIN T. VENUS, JR.

Deputy Presidential Executive Assistant

Vol. 25, Vital Documents, Presidential Decree 1980-1981