Presidential Decree No. 353 — NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me 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, as amended, do hereby amend Presidential Decree No. 243 as follows:

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Section 1 · The name of the corporation referred to in the title of Presidential Decree No Section 2 Section 3 Section 4 Section 5 Section 6 Section 7 Section 8 Section 9 Section 10

Section 1

The name of the corporation referred to in the title of Presidential Decree No

Section 1. The name of the corporation referred to in the title of Presidential Decree No. 243 and its enacting clause is hereby amended to read as follows: "Philippine Veterans Investment Development Corporation."

Section 2

Section 2.

Section 3

Section 3.

Section 4

Section 4.

Section 5

Section 5.

Section 6

Section 6.

Section 7

Section 7. The same Decree is hereby amended by deleting the provision under Section 6 and subsisting in lieu thereof the following provision:

"Sec. 6. The Corporation shall have its own auditor and shall not be subject to the supervision or control of the Commission on Audit. The Auditor shall be appointed by the Board of Directors preferably from among veterans and ex-servicemen of said of good standing who are certified accountant and with actual experience in the work of a comptroller. The auditor may not be removed except of cause."

Section 8

Section 8. The same Decree is hereby amended by deleting the provision under Section 7 and substituting in lieu thereof the following provisions:

"Sec. 7. All veterans funds now being administered by the Philippine Veterans Bank and the Reparations Commission (R.A. 1789) or those that may hereafter be administered by other agencies and which are not encumbered or earmarked for individual veteran or organization shall be placed under the administration, management and control of the Corporation."

Section 9

Section 9.

Section 10

Section 10. The same Decree is hereby amended by adding a new section to be known as Section 9 which shall read as follows:

"Sec. 9. The provisions of this Decree are hereby declared to be separable and if any clause, sentence, provision or section of this Decree or application thereof to any person or circumstances should for any reason be held invalid or unconstitutional, such invalidity or unconstitutionality shall not affect the other provisions or application of this Decree which can be given force and effect."

Done in the City of Manila, this 26th day of December, in the year of Our Lord, nineteen hundred and seventy-three.