SECTION 1. There is hereby created a Hundred Islands Conservation and Development Authority for the following-purposes:
a. To conserve and enrich the natural resources of the Hundred Islands National Park and its surrounding waters, specially Lucap bay and its foreshore areas;
b. To perpetuate and beautify the unique physical, historical and cultural attractions of the area;
c. To develop the region and the land and waters immediately surrounding the area to make them not only sources of new wealth but also enjoyable sights and resorts; and
d. To provide facilities, conveniences and services as will make the lake area easily accessible and thoroughly enjoyable to the public.