Proclamation No. 1273, s. 1974

MALACAÑAN PALACE
MANILA

BY THE PRESIDENT OF THE PHILIPPINES

[ Proclamation No. 1273, June 6, 1974 ]

AUTHORIZING A SPECIAL COMMITTEE TO CONDUCT A NATIONWIDE FUND CAMPAIGN FOR THE UNIVERSITY OF THE PHILIPPINES.

WHEREAS, the updating of educational standards is one of the foremost objectives of Government;

WHEREAS, the University of the Philippines has through the years proven itself an effective instrument in upgrading educational standards and in the attainment of the country’s educational objectives; and

WHEREAS, the University needs public support in the realization of its objectives;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by law, do hereby authorize a nationwide fund campaign for the University of the Philippines to be conducted by a Special Committee composed of the following:

Secretary Cesar Virata	Chairman
NEDA Director-General Gerardo Sicat	Member
Former Senator Gil Puyat	Member
Secretary Juan Ponce Enrile	Member
Ambassador Roberto Benedicto	Member
DBP Chairman Leonides Virata	Member

All donations to the University of the Philippines through the Special Committee shall be exempt from all kinds of taxes, any provision of law to the contrary notwithstanding and the same shall further be deductible in full pursuant to Section 30, Paragraph (h) (I) of the National Internal Revenue Code, as amended: Provided, however, that the accounts shall be subject to audit by the Commission on Audit or its representatives at any time.

The Special Committee is deemed to have been created as of April 26, 1974, UP Law Alumni Reunion Day.

IN WITNESS WHEREOF, I have hereunto set my hand and caused the seal of the Republic of the Philippines to be affixed.

Done in the City of Manila, this 6th day of June, in the year of Our Lord, nineteen hundred and seventy-four.

(Sgd.) FERDINAND E. MARCOS
President
Republic of the Philippines

By the President:

(Sgd.) ALEJANDRO MELCHOR
Executive Secretary