Preamble
WHEREAS, Presidential Decree No. 1768 established certain areas in the Agusan Valley as agro-forest reserves; WHEREAS, owner landed estates which were acquired by the Government through voluntary agreement or though expropriation proceedings who were to be compensated for such lands under R.A. No. 926 but had not received the full compensation agreed upon were among those qualified to lease areas in said agro-forest reserves under the provisions of P.D. No. 1768; WHEREAS, for reasons of equity and to accelerate the development of such lands in the Agusan Valley by private capital, it is desirable that those who have availed of the provisions of R.A. No. 926 but have not received the full compensation agreed upon shall receive title to, instead of only leasehold rights over, the lands: NOW, THEREFORE. I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution and the laws, do hereby order and decree: