Preamble
WHEREAS, the Philippine Aerospace Development Corporation, in undertaking developmental projects prescribed therefor, now requires a restructured capital and organizational setup that shall allow greater responsiveness and flexibility in meeting management and capital demands and provide full protection for the national interest; and WHEREAS, for this purpose, its corporate charter, Presidential Decree No. 286, needs to be amended; 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, dated September 22, 1972, as amended, do hereby decree and order that certain provisions of Presidential Decree No. 286, dated September 5, 1973, be amended: