[ EXECUTIVE ORDER NO. 68, January 20, 2002 ]
AUTHORIZING THE NATIONAL POWER CORPORATION TO DISPOSE OF ITS 4.1 HECTARE PROPERTY LOCATED IN SITIO BAGONG SILANG, SUCAT, MUNTINLUPA CITY TO ITS BONA FIDE OCCUPANTS
WHEREAS , the National Power Corporation (NAPOCOR) owns land in Sitio Bagong Silang, Sucat, Muntinlupa City consisting of 4.1 hectare covered by TCT No. 69205, TCT No. 69206, TCT No. 69207, and TCT No. 77384, which is being occupied by more or less 2,000 informal settler families;
WHEREAS , the NAPOCOR has agreed to dispose of the above-mentioned property to its present occupants, with the exclusion of the areas under the transmission lines;
NOW, THEREFORE, I, GLORIA MACAPAGAL-ARROYO , President of the Philippines, by virtue of the powers vested in me by law, do hereby authorize NAPOCOR to effect the disposition of the above described property, excluding the area under the transmission lines, to its bona fide occupants.
All lands disposed of in implementation of this Order shall not be subject to alienation and encumbrance for a term of ten (10) years from the issuance of the title in case of sale, or execution of contract in case of lease, nor shall they become liable to the satisfaction of any debt contracted prior to the expiration of said period.
IN WITNESS THEREOF , 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 20th day of January, in the year of Our Lord, two thousand and two.
(SGD.) GLORIA MACAPAGAL-ARROYO
By the President:
(SGD.) ALBERTO G. ROMULO
Executive Secretary