AMENDING PRESIDENTIAL DECREE NO. 232 CREATING A PHILIPPINE COCONUT AUTHORITY.

WHEREAS, it is necessary to amend Presidential Decree No.
232 creating a Philippine Coconut Authority in order to further strengthen the
coconut industry;

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 all the Armed Forces of the Philippines, pursuant to
Proclamation No. 1081, dated September 21, 1972 and General Order No. 1, dated
September 22, 1972, as amended, do hereby order and decree the amendment to
Presidential Decree No. 232 as follows:

SECTION 1. Section 4 of Presidential Decree No. 232 is
hereby amended to read as follows:

“SEC. 4. Governing Board. — The Authority shall be
governed by a Board of nine members who shall meet as often as necessary,
composed of:

(a) The Chairman;
(b) The Vice Chairman;
(c) The Chairman, National
Science Development Board;
(d) The Undersecretary of Agriculture and Natural
Resources;
(e) The Undersecretary of Trade;
(f) The Director-General, NEDA
or his representative;
(g) The Chairman, United Coconut Association of the
Philippines;
(h) The President, Philippine Coconut Producers Federation;
and
(i) The Chairman of the Board, Coconut Investment Company.

“The Chairman and the Administrator of the Authority shall be appointed by
the President. The Administrator of the Authority shall automatically be the
Vice Chairman.

“SEC. 2. Section 5 of the same Decree is hereby amended to
read as follows:

“SEC. 5. Management. — The management of the
Authority shall be vested in an Administrator, who shall have the following
powers and duties:

1. To direct and manage the affairs and business of the Authority, in
   accordance with policies and plans enunciated by the Board.
2. To recommend and, upon approval by the Board, to establish and maintain an
   organization with specific functions and responsibilities for each operating
   unit;
3. To appoint and fix the number, with the approval of the Board, of such
   officials and employees of the Authority as may be necessary for the proper
   discharge of its functions and responsibilities, and with the approval likewise
   of the Board, to remove, suspend and otherwise discipline, for just cause, any
   subordinate personnel thereof;
4. To prepare and submit thirty days after the close of each fiscal year an
   annual report to the President, and such periodic reports of activities as may
   be required from time to time; and
5. To perform such other duties as may be assigned to him by the Board from
   time to time.”

SEC. 3. All laws, executive and administrative orders, rules
and regulations, inconsistent with the foregoing provisions, are hereby
repealed, or amended accordingly.

SEC. 4. This Decree shall take effect immediately.

Done in the City of Manila, this 9th day of August, in the year of Our Lord,
nineteen hundred and seventy-three.

			(Sgd.) FERDINAND E. MARCOS President Republic of the Philippines
	By the President:
	(Sgd.) ROBERTO V. REYES
		Assistant Executive Secretary