Preamble
WHEREAS, on the 19th day of October, 1972, Presidential Decree No. 24, amending certain Sections of Republic Act No. 1161, as amended, otherwise known formerly as "The Social Security Act of 1954" and now as "The Social Security Law"; WHEREAS, it was found necessary to further amend the said Social Security Law, particularly Section Twenty-six, paragraph (g) thereof, in order to establish a separate account in connection with the operation of the Social Security System as an insurer of its interest on the lives and/or properties of its mortgagors; 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 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, do hereby further amend Section 26, paragraph (g) of the said Social Security Law, to wit: