Exercise of Corporate Powers.
Section 6
SEC. 6. Exercise of Corporate Powers. — The affairs and business of the Authority shall be directed and its properties managed, controlled and preserved, unless otherwise provided in this Decree, or in the exercise of the powers vested in the Authority, by the Board of Directors of the Philippine Veterans Investment Development Corporation, who may appoint an Estate Administrator assisted by a staff, or a Board of Management, if it is so desired, who shall be chosen from veterans of good standing with formal business training and/or experience in law, or commerce, or finance, or management on recommendation of the President of said corporation. Insofar as the Authority is concerned, the Board of Directors of the Philippine Veterans Investment Corporation is hereby empowered to exercise governmental and proprietary functions in the administration and operation of the Authority in all the areas so proclaimed, any provision of law to the contrary notwithstanding.