WHEREAS, pursuant to the provisions of Commonwealth Act No.
485, as amended, the land and improvements on which the court and
stadium for Basque pelota are established shall, twenty-five years after
the first game of Basque pelota was played with bets, become the
property of the Government of the Philippines;
WHEREAS, there is a need for continuity of the game of
Basque pelota in view of its potentials in the field of sports
development and tourism appeal;
WHEREAS, to properly motivate the private sector to operate
and maintain the court and facilities for the staging of Basque pelota
which necessitates substantial investments involving a long-term risk
exposure, the Government deems it necessary that the capable segments of
the private sector be adequately assured of permanent tenure over the
land where the court facilities and stadium are established;
WHEREAS, to facilitate the disposition of said land
including improvements thereon, there is a need to transfer ownership
and title thereof 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 of
the Philippines, hereby decree as follows: