Preamble
WHEREAS, Presidential Decree No. 257, dated July 21, 1973, as emended by Presidential Decree No. 536, dated August 9, 1974, prescribes that within three (3) years from the date of promulgation of said Presidential Decree No. 257, all members of PEFTOK units be determined and declared to ahve been accounted for by the Board of Directors of the PEFTOK investment and Development Corporation in order to transfer all the stocks therein to the PEFTOK veterans. WHEREAS, considering that it will take longer time to locate and account for the rest of the 8,000. PEFTOK veterans, it is necessary that appropriate amendment be made in the aforesaid Presidential Decrees No. 257 and 536; NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic of the Philippines by virtue of the powers in the vested by the Constitution, do hereby order and decree, as part of the law of the land, the following: