Preamble
WHEREAS, Republic Act No. 776 was enacted into law on June 20, 1952; WHEREAS, since then a need has been established for the Civil Aeronautics Board to be given more authority and flexibility to be able to meet the current and future demands on civil aviation development by Philippine trade, commerce and tourism; NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic of the Philippines, by virtue of the powers in me vested by the Constitution, do hereby order and decree the following amendments to Republic Act No. 776;