/>PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY
ACT AUTHORIZING THE PRESIDENT OF THE PHILIPPINES TO ORDER THE
INSTITUTION OF EXPROPRIATION PROCEEDINGS OR TO ENTER INTO NEGOTIATIONS
FOR THE PURPOSE OF ACQUIRING PORTIONS OF LARGE LANDED ESTATES USED AS
HOME SITES AND RESELLING THEM AT COST TO THEIR BONA FIDE OCCUPANTS,
APPROPRIATION FUNDS THEREFOR AND FOR OTHER PURPOSES |
Section 1. The President of the Philippines is hereby authorized to order the institution of expropriation proceedings or to enter into negotiations for the purpose of acquiring portions of large landed estates which are now used as home sites and reselling them at cost to their bona fide occupants.
Sec.2. The Secretary of Agriculture and Commerce is hereby authorized to promulgate rules and regulations, subject to the approval, of the President of the Philippines, for the resale of the home sites herein to be acquired, to the bona fide occupants of said home sites at the time of the approval of this Act. Any sale at cost of the home sites other than to such bona fide occupants shall be void. Before full payment of the home sites has been made, title therein shall remain vested in the Government of the Commonwealth: Provided, That no home sites shall be sold, disposed or encumbered by the occupants to persons who are not qualified to acquire public lands.
Sec.3. The sum of one million pesos or so much thereof as may be necessary is hereby appropriated out of any funds in the Philippine Treasury not otherwise, appropriated to be expanded for carrying out the purposes of this Act.
Sec.4. This Act shall take effect on its approval.
Approved: July 11, 1936.