Preamble
WHEREAS, rural banks have been established primarily to meet the normal credit needs of people living in the rural areas, particularly the small farmers; WHEREAS, in order to give these small farmers the opportunity and privilege of self-development, social growth, and economic independence under a truly just and democratic society, the Samahang Nayons have been organized with certain rights and privileges; WHEREAS, it is fitting that these small farmers, either directly or through their Samahang Nayon, be further encouraged to invest in the equities of rural banks with which they are closely and directly involved; WHEREAS, diffusion of ownership of equity in rural banks will further ensure sound operation and progress of such rural banks; NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby decree and order, as follows: