Preamble
WHEREAS, under Presidential Decree No. 27 Land Transfer Certificates are issued to tenant-farmers in agricultural lands primarily devoted to the production of rice and corn found qualified to acquire the land tilled by them; WHEREAS, under Presidential Decree No. 266 these Land Transfer Certificates are registerable as valid evidences of ownership; and WHEREAS, these tenant-farmers need financial assistance and one measure of providing them assistance is to provide that Land Transfer Certificates shall be accepted by financing institutions as collateral for loans; NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers in me vested 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, and General Order No. 1, dated September 22, 1972, as amended, do hereby order and decree: