Preamble
WHEREAS, the basic and primordial aim of the Government is the economic development of the entire country; WHEREAS, the Government has realigned its efforts towards trade promotion and tourism development; WHEREAS, tourism properly deserves the Government's immediate and preferential attention in the form of capital investments in private corporations engaged in the operation and development of tourist spots; WHEREAS, there are government-owned and controlled corporations with idle resources and assets; WHEREAS, the Mindanao State University has idle assets and resources which could he used for economic development; and WHEREAS, the corporate powers of the Mindanao State University as provided for in Republic Act Numbered Thirteen hundred and eighty-seven, as amended, are not flexible enough to allow the investment of these idle resources to endeavors geared towards, trade and tourism development; NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution as Commander-in-Chief of all the Armed Forces of the Philippines, and pursuant to Proclamation No. 1081, dated September 21, 1972 continued in Proclamation No. 1104, dated January 17, 1973, and General Order No. 1, dated September 22, 1972, as amended, do hereby order and decree: