AN ACT TRANSFERRING OWNERSHIP OF A CERTAIN PARCEL OF LAND OF THE PUBLIC DOMAIN SITUATED IN THE MUNICIPALITY OF JOSE PANGANIBAN, PROVINCE OF CAMARINES NORTE, ISLAND OF LUZON TO THE NATIONAL SHIPYARDS AND STEEL CORPORATION (NASSCO) AND AUTHORIZING THE DISPOSITION THEREOF.

• Number: Presidential Decree No. 837
• Sections: 5

Preamble

WHEREAS, in pursuance of the national policy of allowing the

private sector to take over enterprises pioneered by the government

when the private sector is ready and capable to continue and improve a

particular government endeavor and in the interest of the National

government, various government performance evaluation and/or study

groups have recommended the disposition of all NASSCO properties and

units, including the Jose Panganiban Smelting Plant at Jose Panganiban,

Camarines Norte.

WHEREAS, under Proclamation No. 500 dated December 23, 1968,

a parcel of land situated in the Municipality of Jose Panganiban,

Province of Camarines Norte Island of Luzon. Bounded on the W., along

lines 1-2-3-4-5-6-7-8-9-10-11-12-13-14-15-16, by Mambulao Bay; on the

N., along lines 16-17-18-19-20-21, by Forest Reserve; and on the E and

S, along lines 21-22-23-24-25-26-27-1 by project No. 2, Block VI (Alien

& Disp.) LC-403, containing an area of approximately 170.2890

hectares, more or less, has been withdrawn from sale and settlement and

reserved for pier, warehouse and smelting plant site purposes under the

administration of the NASSCO;

WHEREAS, as mandated under Republic Act 1396, NASSCO

constructed, established and operated in said site a pig iron smelting

plant with pier and other plant facilities known as the Jose Panganiban

Smelting plant;

WHEREAS, in order to facilitate the disposition of all

assets of NASSCO including the Jose Panganiban Smelting Plant, there is a

need to transfer ownership of said parcel of land to the 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

SECTION 1. The title to and ownership of that certain parcel

of land, situated in the Municipality of Jose Panganiban, Province of

Camarines Norte, Island of Luzon,

Presidential Decree No. 837

Transferring Ownership, Parcel of Land at Jose Panganizan, Camarines

Norte to NASSCO

bounded on the W., along lines

1-2-3-4-5-6-7-8-9-10-11-12-13-14-15-16, by Mambulao Bay; on the N.,

along lines 16-17-18-19-20-21, by Forest Reserve; and on the E and S,

along lines 21-22-23-24-25-26-27-1; by project No. 2, Block VI (Alien

& Disp.) LC-403, containing an area of approximately 170.2890

hectares, is hereby transferred to and vested in the NASSCO.

SEC.

2. The said parcel of land herein convoyed shall be resurveyed by

the Bureau of Lands within fifteen (15) days from the promulgation cf

this Decree to ascertain its actual location and boundaries. Thereafter,

the proper Register of Deeds shall register the same and issue the

corresponding certificate cf title to the NASSCO.

Section 3

SEC. 3. Any provision of law, proclamation, ordinance,

rules and regulations to the contrary notwithstanding, the NASSCO may

transfer absolute ownership of said parcel of land or any portion

thereof and convey the same to persons or corporations qualified to

acquire land under the Constitution, either through public bidding or

through negotiations, as the interest of the government warrants.

Section 4

SEC. 4. All laws, executive orders, proclamation, rules

and regulations or part thereof inconsistent with this Decree are hereby

repealed and/or modified accordingly.

Section 5

SEC. 5. This Decree shall take effect immediately.

Done in the City of Manila, this 6th day of December, in the

year of Our Lord, nineteen hundred and seventy-five.

(Sgd.)

FERDINAND E. MARCOS

President

Republic of the Philippines

By the President:

(Sgd.)

JACOBO C. CLAVE

Presidential Executive Assistant