Presidential Decree No. 837

Section 1. The title to and ownership of that certain parcel of land, situated in the Municipality of Jose Panganiban, Province of Camarines Norte, Island of Luzon, bounded on the W., along lines 1-2-3-4-5-6-7-8-9-10-11-12-13-14-15-16, by Mambulao Bay; on the N., along lines 16-17-18-19-20-21, by Forest Reserve; and on the E and S, along lines 21-22-23-24-25-26-27-1; by project No. 2, Block VI (Alien & Disp.) LC-403, containing an area of approximately 170.2890 hectares, is hereby transferred to and vested in the NASSCO.

Section 2. The said parcel of land herein conveyed shall be resurveyed by the Bureau of Lands within fifteen (15) days from the promulgation of this Decree to ascertain its actual location and boundaries. Thereafter, the proper Register of Deeds shall register the same and issue the corresponding certificate of title to the NASSCO.

Section 3. Any provision of law, proclamation, ordinance, rules and regulations to the contrary notwithstanding, the NASSCO may transfer absolute ownership of said parcel of land or any portion thereof and convey the same to persons or corporations qualified to acquire land under the Constitution, either through public bidding or through negotiations, as the interest of the government warrants.

Section 4. All laws, executive orders, proclamation, rules and regulations or part thereof inconsistent with this Decree are hereby repealed and/or modified accordingly.

This Decree shall take effect immediately

Section 5. This Decree shall take effect immediately.

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