Proclamation No. 990, s. 1972

MALACAÑAN PALACE
MANILA

BY THE PRESIDENT OF THE PHILIPPINES

[ Proclamation No. 990, March 23, 1972 ]

AUTHORIZING THE PHILIPPINE NATIONAL RED CROSS TO DISPOSE OF ITS HEADQUARTERS SITE IN ERMITA, MANILA.

By virtue of the powers vested in me by law, I, FERDINAND E. MARCOS, President of the Philippines, do hereby authorize the Philippine National Red Cross (PNRC) to dispose of its headquarters site at UN Avenue, Ermita, Manila, technically described in Republic Act No. 5870, through public bidding at a price not lower than an appraisal thereof by the Philippine National Bank, subject to the provisions of the Constitution and laws on the disposition of land of the private domain of the Government, and to the condition that the proceeds of the sale shall be used solely for the acquisition of a bigger site for the PNRC and construction of its new headquarters building.

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 23rd day of March, in the year of Our Lord, nineteen hundred and seventy-two.

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

By the Executive Secretary:

(Sgd.) ALEJANDRO MELCHOR
Executive Secretary