Presidential Decree No. 770 (PD 770) — An Act Transferring Ownership of the Engineer Island to the National Steel and Shipyard Corporation (Nassco) and Authorizing the Disposition Thereof
WHEREAS, various government performance evaluation and/or
study groups have recommended the disposition of all NASSCO properties
and units, including the Engineer Island Shops (EIS), in the interest of
the national government;
WHEREAS, for all intents and purposes the Engineer Island
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;
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;
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:
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.
SEC. 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.
SEC. 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.
SEC. 4. All laws, executive orders, proclamations, rules and
regulations or part thereof inconsistent with this Decree are hereby
repealed and/or modified accordingly.
SEC. 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.
(Sgd.)
FERDINAND E. MARCOS
President
Republic of the Philippines
By the President:
(Sgd.)
ALEJANDRO MELCHOR
Executive Secretary
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).
