Republic Act No.

34 September 30, 1946

AN ACT AMENDING CERTAIN SECTIONS OF ACT NUMBERED FOUR THOUSAND FIFTY-

FOUR, AS AMENDED, OTHERWISE KNOWN AS "THE PHILIPPINE RICE SHARE TENANCY
ACT"

Section 1. Sections three and four of Act Numbered Four thousand and fifty-four are hereby
amended to read as follows:

"Sec. 3. Landlord and tenant interpreted. - For the purpose of this Act, the word "landlord"
shall mean and include either a natural or juridical person who is the real owner of the land
which is the subject-matter of the contract, as well as a lessee, a usufructuary or any other
legitimate possessor of agricultural land cultivated by another; and the word "tenant" shall
mean a farmer or farm laborer who undertakes to work and cultivates land for another or a
person who furnishes the labor with the consent of the landlord.

"Sec. 4. Form of contract. - The contract on share tenancy, in order to be valid and binding,
shall be drawn in triplicate in the language or dialect known to all the parties thereto, to be
signed to thumb-marked both by the landlord or his authorized representative and by the
tenant, before two witnesses, one to be chosen by each party. The party who does not know
how to read and write may request one of the witnesses to read the contents of the
document. Each of the contracting parties shall retain a copy of the contract and the third
copy shall be filed with, and registered in, the office of the municipal treasurer of the
municipality, where the land, which is the subject- matter of the contract, is located:
Provided, however, That in order that a contract may be considered registered, both the copy
of the landlord and that of the tenant shall contain an annotation made by the municipal
treasurer to the effect that same is registered in his office.

"The forms of contract shall be uniform and shall be prepared and furnished by the
Department of Justice. Oath or affirmation by the contracting parties before the municipal
treasurer concerned shall be sufficient for the purpose of acknowledgment. No fees or
stamps of any kind shall be paid or required."

Section 2. Section seven of the same Act, as amended by Commonwealth Act Numbered One
hundred seventy-eight, is hereby further amended to read as follows:

"Sec. 7. Freedom to contract. - The landlord and tenant shall be free to enter into any or all
kinds of tenancy contract as long as they are not contrary to existing laws, morals and public
policy. Such contract shall be conclusive evidence of what has been agreed upon between
the contracting parties, except in case of fraud or error, if the said contract is not denounced
or impugned within thirty days from its registration in the office of the municipal treasurer, as
provided in section five of this Act.

"The following stipulations are hereby declared to be against public policy:

"(a) If the tenant shall receive less than fifty-five per cent of the net produce, in case
he furnishes the work animals and the farm implements, and the expenses of
planting and cultivation are borne equally by said tenant and the landlord.

"(b) If the rental stipulated to be paid by the tenant to the landlord is higher than
twenty-five per cent of the estimated normal harvest, in case of a contract providing
for a fixed rental of the land.

"(c) If the landlord is the owner of the work animal, and the tenant of the farm
implements, and the expenses are equally divided between the landlord and the
tenant, for the tenant to receive less than fifty per centum of the net crop."

Section 3. Sections eight, nine and twenty-two of the same Act are amended to read as follows:

"Sec. 8. Share basis. - In the absence of any written agreement to the contrary and when the
tenant furnishes the necessary implements and the work animals and defrays all the
expenses for planting and cultivation of the land, the crop shall be divided as follows: the
tenant shall receive seventy per cent of the net produce of the land and the landlord thirty per
cent, for first-class land, the normal production of which, based on the average yield for the
three preceding years, is more than forty cavans of palay per one cavan of seeds; seventy-
five per cent for the tenant and twenty-five per cent for the landlord, in case of land the
average normal production of which is not more than forty cavans of palay per one cavan of
seeds. In case the landlord furnishes the necessary work animals and farm implements and,
likewise, bears all the expenses of planting and cultivation, the landlord shall receive seventy
 per cent and the tenant thirty per cent of the crop; but if the landlord furnishes the necessary
work animals and farm implements and bears equally with the tenant the expenses of
planting and cultivation, the crop shall be divided equally between the parties.

"Expenses for harvesting and threshing shall be deducted from the gross produce. Expenses
for the maintenance of irrigation systems within the respective areas shall be for the account
of the tenant, but amortizations for the cost of construction of the system itself shall be for the
account of the landlord. The expenses for construction and maintenance of privately owned
irrigation systems shall be agreed upon between the landlord and tenant, but in case of
disagreement, all expenses for the construction of the system shall be for the account of the
landlord, provided that the costs of constructing the distribution canals shall be for the
account of the tenant.

"The division shall be made in the same place where the crop has been threshed and each
party shall transport his share to his warehouse, unless the contrary is stipulated by the
parties.

"Sec. 9. Auxiliary industry. - In the absence of any written agreement to the contrary, in case
the land is planted to a second crop of rice or other auxiliary crops, the tenant shall receive
eighty per cent and the landlord twenty per cent of the net produced, provided all expenses
of production are borne by the tenant.

"Auxiliary industry shall not, however, be construed to include the crops or products raised
from a garden, poultry, and such other industries carried on a lot specially provided for the
residence of the tenant.

"Sec. 22. Lot for dwelling. - The tenant shall be entitled to construct a dwelling on the land
cultivated by him, if he so chooses, and once a dwelling is constructed, he shall be entitled to
a fixed residential lot of not less than six hundred square meters, but not exceeding one
thousand square meters in area, depending upon the availability of suitable land and the
area cultivated by the tenant belonging to the landowner, the same to be devoted to the
purposes of a garden, poultry and such other minor industries as may be necessary for his
livelihood, the products of which shall accrue to the tenants exclusively: Provided, That the
tenant shall be given forty-five days within which to remove his house from the land of the
landlord in the event of the cancellation of the contract of tenancy for any reason: Provided,
further, That in case he fails to devote the lot allotted to him for the purposes herein
mentioned for a period of six months, it shall revert the cultivation of palay."

Section 4. This Act shall take effect immediately, provided that when the landlord has advanced
money, seeds or the like to the tenant, and in the cases in which it might be applicable, the landlord
shall have a preferential lien on the share of the tenant for the payment of such advances made plus
six per cent interest per annum.

Approved: September 30, 1946

Republic Act No. 55 October 15, 1946

AN ACT TO IMPOSE A WAR PROFITS TAX

Section 1. Rates of tax. - There shall be levied, assessed, collected and paid on the amount by
which the net worth of an individual, partnership, company or corporation, on February 26, 1945,
exceeds the net worth of said individual, partnership, company or corporation on December 8, 1941,
a war profits tax equal to the sum of the following:

Fifty per cent upon the amount by which such excess is over P6,000 but is not over P50,000;

Sixty per cent upon the amount by which such excess is over P50,000 but is not over
P100,000;

Seventy per cent upon the amount by which such excess is over P100,000 but is not over
P300,000;

Eighty per cent upon the amount by which such excess is over P300,000 but is not over
P500,000;

Ninety per cent upon the amount by which such excess is over P500,000 but is not over
P1,000,000;

Ninety-five per cent upon the amount by which such excess is over P1,000,000.

The amount taxable under the next preceding paragraph shall be held to mean the increase in the
net worth of every individual, whether a citizen, alien, resident or non-resident, and of every
partnership, company or corporation, whether domestic or foreign, attributable to income from
sources within the Philippines or incident to property held within the Philippines, during any part of
the period from December 8, 1941 to February 26, 1945.

Where a partnership, company or corporation was organized after December 8, 1941, the date of
organization shall, for the purposes of this Act, be used in place of the said date.

Section 2. Determination of net worth. - The term "net worth" as used in section 1 of this Act shall
mean the value of assets, including real and personal property and/or cash in banks (exclusive of
amounts received during the period from December 8, 1941 to February 26, 1945 as proceeds of life
insurance policies issued on or before December 31, 1941), credits, interests, and rights (exclusive
of war damage claims and other claims against the Government of the Republic of the Philippines
and foreign governments, or their instrumentalities), less liabilities incurred in carrying on a trade or
business or in acquiring property: Provided, however, That should a taxpayer subsequently receive
payment on account of such war damage claims or other claims against the Government of the
Republic of the Philippines and foreign governments, or their instrumentalities, the amount or value
of the payment received by him shall be considered as part of his assets on February 26, 1945.

The term "value" shall, in the case of real property, be construed to mean the assessed value. In the
case of personal property and of real property not yet assessed for taxation, the term "value" shall be
held to mean the fair market value: Provided, however, That property, real or personal, acquired on
or before December 8, 1941 and still held by the taxpayer on February 26, 1945 shall be declared at
the same value in the inventories of assets as of December 8, 1941 and February 26, 1945, except
that improvements made on the same property during the said period shall be included in the
inventory as of February 26, 1945 at their fair market value: And Provided, further, That where title to
property acquired on or before December 8, 1941 passed after that date to another person by way of
gift or inheritance, such person, or any other person taking title to the property through a series of
acquisitions by the same mode, shall be deemed to have acquired the property on or before
December 8, 1941.

Section 3. Allowable deductions. - In computing the tax imposed in section 1 hereof, there shall be
allowed as deduction from the excess of the net worth on February 26, 1945 over the net worth on
December 8, 1941, an amount equivalent to six per centum per annum on the net worth of the
taxpayer on December 8, 1941, computed for the period from December 8, 1941 to February 26,
1945, both dates inclusive: Provided, That the total amount deductible under this paragraph shall not
exceed seventy-five per centum of the excess of the net worth on February 26, 1945 over the net
worth on December 8, 1941.

Where a taxpayer acquired after December 8, 1941 and still hold on February 26, 1945 shares of
stock of a corporation subject to the tax imposed by this Act, there shall be allowed as deduction
from the excess of his net worth on February 26, 1945 over his net worth on December 8, 1941, that
proportion of the tax payable by the corporation which the number of shares held by the taxpayer
bears to the total number of shares issued and outstanding. Where there are two or more classes of
stock, the tax shall be fairly allocated among the different classes and deduction taken accordingly,
with the approval of the Collector of Internal Revenue. The corporation shall, prior to the last day for
filing returns, issue appropriate statements to its stockholders to enable them to compute the
deduction allowed under this paragraph.

Section 4. Filing of returns. -

(a) Every individual, partnership, company or corporation subject to the tax herein imposed
or who acquired real and/or personal property in excess of P6,000 in value during the period
from December 8, 1941 to February 26, 1945, shall render in duplicate a true and accurate
return in the manner and form prescribed by the Collector of Internal Revenue with the
approval of the Secretary of Finance and containing such facts and information as are
necessary to determine the correctness of the amount subject to the tax and to carry out the
provisions of this Act. In the case of partnership, companies, or corporations, the return shall
be filed by the President, Vice-President, Manager or other principal officer and shall be
sworn to by such officer and by the Treasurer or Assistant Treasurer.

(b) When to file return. - The return required in subsection (a) of this section shall be
rendered on or before the last day of the third month following the date of the approval of this
Act. In case a taxpayer receives payment on account of war damage or other claims against
the Government of the Republic of the Philippines and foreign governments, or their
instrumentalities, subsequent to the filing of his return, he shall file, within thirty days from the
receipt of the payment, an amended return to include the same as part of his net worth.

(c) Where to file return. - The return shall be filed with the Collector of Internal Revenue, with
the Provincial Revenue Agent, or with the treasurer of the province, city or municipality in
which the individual, partnership, company or corporation has his or its legal residence or
principal place of business; or if there be no legal residence or principal place of business in
the Philippines, then with the Collector of Internal Revenue in Manila. All such returns, shall,
as received, be transmitted forthwith by the officer receiving them to the Collector of Internal
Revenue.

(d) Husband and wife. - In the case of married persons, whether citizens, resident or non-
resident aliens, only one consolidated return shall be filed by either spouse; but where it is
impracticable for the spouses to file one consolidated return, each spouse may file his or her
separate return, but the returns so filed shall be consolidated for the purposes of the tax
imposed in this Act.

(e) Unmarried minors. - The assets and liabilities of unmarried minors shall be included in the
return of the parent or parents or guardians of such minors.

Section 5. Assessment and payment of tax. -

(a) Assessment of tax. - All assessments shall be made by the Collector of Internal Revenue
and all individuals, partnerships, companies and corporations subject to the tax shall be
notified of the amount for which they are respectively liable, on or before the last day of the
fifth month following the approval of this Act.

(b) Time of payment. - The total amount of the tax imposed by this Act shall be paid on or
before the last day of the sixth month following the approval hereof. The deficiency tax due
on the amended return required to be filed under section 4 (b) of this Act on account of the
receipt of payment for war damage or other claims shall be paid within thirty days from the
receipt of the assessment of the Collector of Internal Revenue. To any sum or sums due and
unpaid after the date prescribed for the payment of the same there shall be added the
surcharge of fifteen per centum on the amount of the tax unpaid and interest at the rate of
one per centum per month upon said tax from the time the same becomes due.

(c) Extension of time. - When the Collector of Internal Revenue finds that the payment on the
due date of the tax imposed in this Act or any part thereof would impose undue hardship
upon the taxpayer, the said official may extend the time for payment of such tax or any part
thereof not to exceed five years, under such terms and conditions as may be required by
him. Where the time for payment of the tax or any part thereof is extended, the same shall
earn interest at the rate of one-half per centum per month from the due date thereof until
paid.

Section 6. Surcharge for failure to render returns or for rendering false and fraudulent
returns. - In case of willful neglect to file the return within the time prescribed under this Act, or in
case a false or fraudulent return is wilfully made, the Collector of Internal Revenue shall add to the
tax a surcharge of fifty per centum.

The Collector of Internal Revenue may, in meritorious cases, grant a reasonable extension of time
for the filing of returns required by this Act.

Section 7. Lien of the tax. - The amount of the tax herein imposed shall constitute a superior lien in
favor of the Government on all property acquired by the taxpayer during the period from December
8, 1941 to February 26, 1945. This lien shall be effective as of August 2, 1946.

In case the lien established in the next preceding paragraph should be declared ineffective with
respect to any mortgage, purchaser or judgment creditor, then the said lien shall be effective on the
date of the approval of this Act.

Section 8. Penalty. - Any individual or responsible officer of a partnership, company or corporation

violating any provision of this Act or of the regulations promulgated hereunder, or any person
conniving with such individual or responsible officer for the purpose of evading the tax herein
imposed, shall, upon conviction, be punished by imprisonment from five years to twenty years or a
fine of not less than five thousand pesos but not more than thirty thousand pesos, or both, in the
discretion of the court.

Section 9. Administrative remedies. - All administrative, special and general provisions of law
including the laws in relation to the assessment, remission, collection and refund of national internal
revenue taxes, not inconsistent with the provisions of this Act, are hereby extended and made
applicable to all the provisions of this law, and to the tax herein imposed.

Section 10. Separability clause. - If any clause, sentence, paragraph or part of this Act shall be
adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair
or invalidate the remainder of this Act, but shall be confined in its operations to the clause, sentence,
paragraph or part thereof directly involved in the controversy.

Section 11. Appropriation of funds. - The amount of fifty thousand pesos or so much thereof as
may be necessary is hereby appropriated out of any funds in the National Treasury not otherwise
appropriated to cover traveling and other expenses in connection with the enforcement of the
provisions of this Act: Provided, however, That no part of his appropriation shall be used for salaries
of additional personnel.

Section 12. Effectivity. - This Act shall take effect upon its approval.

Approved: October 15, 1946

EXECUTIVE ORDER NO. 355

CREATING THE LAND SETTLEMENT AND DEVELOPMENT CORPORATION AND

DISSOLVING THE NATIONAL LAND SETTLEMENT ADMINISTRATION, AND THE
RICE AND CORN PRODUCTION ADMINISTRATION AND THE MACHINERY AND
EQUIPMENT DEPARTMENT OF THE NATIONAL DEVELOPMENT COMPANY

Pursuant to the powers vested in me by Republic Act Numbered Four hundred and
twenty-two, I, Elpidio Quirino, President of the Philippines, do hereby order:

CREATION, POWERS AND FUNCTIONS

SECTION 1. There is hereby created a public corporation under the name of the Land
Settlement and Development Corporation which, in short, shall be known as the
“LASEDECO.” This Corporation shall exist for a period of twenty-five years from the
effective date of this Order. It shall have its main office in the City of Manila, and such
branches and agencies in other places, within and outside of the Philippines, as may be
necessary for the proper conduct of its business.

SEC. 2. The LASEDECO shall have the following powers, duties and functions:

(a) To facilitate the acquisition, settlement and cultivation of agricultural lands;

(b) To afford opportunity to own farms to tenant farmers and small farmers from
congested areas, to graduates of agricultural schools and colleges, to trainees who
have completed the prescribed military training, to veterans and members of guerrilla
organizations, and to other persons as may be determined by the Board of Directors
with the approval of the Secretary of Economic Coordination;

(c) To encourage migration to sparsely populated regions, and facilitate the

amalgamation of the people in different sections of the Philippines;

(d) To acquire by grant from the Republic of the Philippines unrestricted areas of public
agricultural lands in order to carry out its objectives; to survey, subdivide and set aside
lots or areas of such lands for farming, townsites, roads, parks, government centers,
recreational centers and other public and civic improvements; and to dispose of farm
lands and townsite lots to persons qualified and to the extent of areas authorized under
the Constitution and the Public Land Act, subject to such other qualifications, and to
prices, terms and conditions as may be prescribed by the Board of Directors, with the
approval of the Secretary of Economic Coordination, the proceeds from disposition of
the same to accrue to the Corporation; Provided, however, That within a period of ten
years after the final grant, the farm lands and townsite lots aforementioned shall not,
except by inheritance, be encumbered, alienated or transferred, nor shall they become
liable to the satisfaction of any debt contracted prior to the expiration of the said period;
but the improvements or crops on such lands and lots may be mortgaged or pledged to
credit agencies duly authorized therefor by the Board of Directors;

(e) To establish and operate credit agencies, electric light and water plants, water
supplies, irrigation systems, cooperative to engage in the buying and selling of
commodities, and other services or conveniences for the well-being of the settlers;

(f) To encourage mechanized farming; to operate tractor and agricultural machinery

pools; and to maintain training centers for the operation and repair of agricultural
machinery, tractors and the like;

(g) To assist in the establishment of agricultural and other vocational schools within the
areas under its territorial jurisdiction, and to allocate definite portions of farm lands and
townsite lots with a view to enabling students successfully finishing courses prescribed
in said agricultural and vocational schools to eventually acquire title thereto;

(h) To do all such other things and to transact all such business directly or indirectly
necessary, incidental or conducive to their attainment of the purposes of the
Corporation; and

(i) Generally, to exercise all the powers of a corporation under the Corporation Law in
so far as they are not inconsistent with the provisions of this Order.

CAPITAL

SEC. 3. The LASEDECO shall have as its capital the net worth of the National Land
Settlement Administration, and the Rice and Corn Production Administration and the
Machinery and Equipment Department of the National Development Company, as
determined in accordance with Section 13 of this Order, including the appraised value to
be determined by the Secretary of Agriculture and Natural Resources of lands ceded to
it pursuant to section 14 of this Order, and such appropriations as may be authorized by
law.

The Government of the Republic of the Philippines shall not be liable for any debt,
liability, obligation or damage that might be contracted, incurred or caused by the
corporation.

MANAGEMENT

SEC. 4. The management of the LASEDECO shall be vested in a Board of Directors

consisting of a chairman and six members, appointed by the President of the
Philippines with the consent of the Commission in Appointments. The said members
shall serve as designated by the President in their appointments for terms of one, two,
and three years, respectively, from the date they qualify and assume office; but their
successors shall be appointed for terms of three years, except that any person chosen
to fill a vacancy shall serve only for the unexpired term of the member whom he
succeeds. For actual attendance at meetings, each director shall receive a per diem of
twenty-five pesos.

SEC. 5. The Board of Directors shall have the following powers and duties:

(a) To prescribe, amend and repeal, with the approval of the Secretary of Economic
Coordination, by-laws, rules and regulations governing the manner in which the general
business of the Corporation may be exercised, including provisions for the formation of
such committee or committees as the Board of Directors may deem necessary to
facilitate its business, and to expedite the disposition of, and the issuance of titles over,
farm lands and townsite lots as contemplated in section 2 of this Order.

(b) To appoint and fix the compensation of the General Manager, subject to the
approval of the President of the Philippines, and to appoint and fix the compensation of
the other officers of the Corporation, with the approval of the Secretary of Economic
Coordination. The Board, by a majority vote of all the members, may, for cause,
suspend and, with the approval of the President of the Philippines, remove the General
Manager.

SEC. 6. The powers and duties of the General Manager shall be as follows:

(a) To direct and manage the affairs and business of the Corporation, on behalf of the
Board of Directors, and subject to its control and supervision;

(b) To sit in all meetings of the Board of Directors and participate in its deliberations, but
without the right to vote;

(c) To submit within sixty days after the close of each fiscal year an annual report,
through the Board of Directors, to the Secretary of Economic Coordination;

(d) To appoint and fix the number and salaries, with the approval of the Board of
Directors, of such subordinate personnel as may be necessary for the proper discharge
of the duties and functions of the Corporation, and, with the approval of the Board, to
remove, suspend, or otherwise discipline, for cause, any subordinate employee of the
Corporation; and

(e) To perform such other duties as may be assigned to him by the Board of Directors
from time to time.

SEC. 7. No officer or employee of the Corporation shall be permitted to acquire, directly

or indirectly, any land within the territorial jurisdiction of the Corporation.

SEC. 8. The Auditor General shall appoint a representative who shall be the Auditor of
the LASEDECO, and the necessary personnel to assist said representative in the
performance of his duties. The number and salaries of the Auditor and said personnel
shall be determined by the Auditor General, subject to appropriation by the Board of
Directors. In case of disagreement, the matter should be submitted to the President of
the Philippines whose decision shall be final. Said salaries and all other expenses of
maintaining the Auditor’s office shall be paid by the LASEDECO.

SEC 9. The financial transactions of the LASEDECO shall be audited in accordance

with law, administrative regulations, and the principles and procedures applicable to
commercial corporate transactions. A report of audit for each fiscal year shall be
submitted, within sixty days after the close of the fiscal year, by the representative of the
Auditor General, through the latter, to the Board of Directors of the Corporation, and
copies thereof shall be furnished the President of the Philippines, the Secretary of
Economic Coordination and the Presiding Officers of the two Houses of Congress. The
report shall set forth the scope of the audit and shall include a statement of assets and
liabilities, capital and surplus or deficit; a statement of surplus or deficit analysis; a
statement of income and expenses; a statement of sources and application of funds;
and such comments and information as may be necessary, together with such
recommendations with respect thereto as may be advisable, including a report of any
impairment of capital noted in the audit. The report shall also show specifically any
program, expenditures, or other financial transaction or undertaking observed in the
course of audit, which, in the opinion of the Auditor, has been carried on or made
without authority of law.

APPOINTMENTS AND PROMOTIONS

SEC. 10. In the appointment and promotion of officers and employees, merit and
efficiency shall serve as bases, and no political test or qualification shall be prescribed
and considered for such appointments or promotions. Any appointee of the Board or of
the General Manager, who is found by the Secretary of Economic Coordination to be
guilty of violating this requirement shall be removed from office.

SEC. 11. All officers and employees of the LASEDECO shall be subject to the Civil
Service Law, rules and regulations, except those whose positions may, upon
recommendation of the Board of Directors and the Secretary of Economic Coordination,
be declared by the President of the Philippines policy-determining, primarily confidential
or technical in nature.

TRANSITORY AND SPECIAL PROVISIONS

SEC. 12. The National Land Settlement Administration, and the Rice and Corn
Production Administration and the Machinery and Equipment Department of the
National Development Company are hereby dissolved. Any reference to the National
Land Settlement Administration, and the Rice and Corn Production Administration and
the Machinery and Equipment Department of the National Development Company in
any existing law, or in any Executive Order, Administrative Order, or Proclamation of the
President of the Philippines shall, with respect to any duty or function assumed by the
corporation created in this Order, be deemed hereafter to be reference to the
LASEDECO.

SEC. 13. The personnel, records, properties, equipment, assets, rights, choses in
action, obligations, liabilities, and contracts of the National Land Settlement
Administration, and the Rice and Corn Production Administration and the Machinery
and Equipment Department of the National Development Company are hereby
transferred to, vested in, and assumed by the LASEDECO, and all their businesses and
affairs shall be liquidated, assumed, and continued by the LASEDECO: Provided, That
an inventory and valuation of the properties, equipment, assets, rights, choses in action,
obligations, liabilities, and contracts of said entities shall be made by the Auditor
General, and during the inventory and valuation, the accountable officers of said entities
shall continue to be fully accountable therefor, until actual physical transfer to, and
acceptance by, the corresponding accountable officers of the LASEDECO: Provided,
further, That the personnel of said entities hereby transferred shall be reappointed in the
LASEDECO and those not reappointed within sixty days from the effective date of this
Order shall be considered separated from the service: And, provided, finally, That the
LASEDECO shall undertake, manage and continue the agricultural activities of the Rice
and Corn Production Administration only within the areas now under cultivation until the
same shall have been disposed of in accordance with section 2 hereof, but in case for a
period longer than five years from the effective date of this Order.

SEC. 14. All surveyed portions of the public agricultural lands heretofore transferred or
reserved for the use and operation of the National Land Settlement Administration and
the Rice and Corn Production Administration of the National Development Company,
and/or of those which may hereafter be transferred by the President of the Philippines to
the LASEDECO, shall be ceded to the LASEDECO, and the President of the Philippines
shall from time to time cause the issuance of patents or other deeds transferring title to
such lands to the said Corporation in accordance with the provisions of the Public Land
Act and such rules and regulations as may be promulgated to facilitate the transfer of
title to the said Corporation.
 MISCELLANEOUS PROVISIONS

SEC. 15. All Acts or parts of Acts and all Executive Orders, Administrative Orders, and
Proclamations or parts thereof inconsistent with any of the provisions of this Order are
hereby repealed or modified accordingly.

Sec. 16. If any provision of this Order should be held invalid, the other provisions shall
not thereby be affected.

Sec. 17. This Executive Order shall take effect on October twenty-third, nineteen
hundred and fifty.

Done in the City of Manila, this 23rd day of October, in the year of Our Lord, nineteen
hundred and fifty, and of the Independence of the Philippines, the fifth.

(Sgd.) ELPIDIO QUIRINO

President of the Philippines

By the President:

(Sgd.) TEODORO EVANGELISTA

Executive Secretary

Source: Presidential Museum and Library

Quirino, E. (1950). Executive Order No. 355 : Creating the Land Settlement and Development
Corporation and dissolving the National Land Settlement Administration, and the Rice
and Corn Production Administration and the Machinery and Equipment Department of
the National Development Company. Official Gazette of the Republic of the
Philippines. 46 (10), 4671-4676.