Preamble
WHEREAS, veterans and retirees of the Armed Forces of the Philippines, upon retirement or separation from active service, constitute a significant number whose productive capacities are no longer fully utilized and therefore, left idle; WHEREAS, one of the primary concerns of the Government is to effect the desired changes and reforms in all sectors of our Society and the large number of veterans and retirees of the Armed Forces of the Philippines represents such a significant sector; and WHEREAS, in order to promote the full and continued utilization of the country's manpower and develop investment potentials, there is a need for a special agency that shall direct and look after the productive and investment possibilities coming from this sector; NOW, THEREFORE, I, FERDINAND E. MARCOS, Commander-in-Chief of all the Armed Forces of the Philippines, pursuant to Proclamation No. 1081, dated September 21, 1972, and General Order No. 1, as amended, dated September 22, 1972, and in order to effect the desired changes and reforms in the social and economic structure of our Society, do hereby decree and order the creation and organization of a body corporate and politic to be known as the Philippine Veterans Investment Development Company, hereinafter referred to as the Corporation, in accordance with the following: