Preamble
WHEREAS, the Philippine Expeditionary Force to Korea ((PEFTOK) veterans having gloriously fought in the battlefields of that country on the side of the free world and having contributed to the preservation of democratic institutions in this part of the globe, would not want to render at naught the role and sacrifice they made at the cost of the lives of many of their comrades-in-arms; WHEREAS, the officers and men of the Armed Forces of the Philippines include PEFTOK veterans, and more than any other body of government personnel they have been called upon to carry and are now carrying a great share of the great burden of suppressing the activities of men actively engaged in a criminal conspiracy to seize political and state power in the Philippines, and the burden of eradicating widespread lawlessness, anarchy, disorder and wanton destruction of lives and property now prevailing throughout the country; WHEREAS, one of the objectives of the proclamation of martial law is to effect economic reforms to enhance the atmosphere of foreign and local investments, and in the process, create jobs for the country's unemployed; and WHEREAS, the PEFTOK veterans, through their PEFTOK Veterans Association, have signified their desire to render service to the New Society not only in the preservation of peace and order but also in the economic uplift of the Filipino people in general and their fellow PEFTOK veterans in particular; NOW, THEREFORE, I, FERDINAND E. MARCOS, 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, as amended, do hereby create a corporation to be known as the PEFTOK Investment and Development Corporation, hereinafter referred to as the Corporation. Its principal domicile and place of business shall be in Quezon City, Philippines, or at such other place as the Board of Directors may determine.