REPUBLIC ACT NO. 1970 - AN
ACT TO AMEND SECTION ONE OF REPUBLIC ACT NUMBERED FOUR HUNDRED
SEVENTY-SEVEN PROVIDING FOR THE ADMINISTRATION AND DISPOSITION OF
PROPERTIES, INCLUDING THE PROCEEDS AND INCOME THEREOF TRANSFERRED TO
THE REPUBLIC OF THE PHILIPPINES, UNDER THE PHILIPPINE PROPERTY ACT OF
NINETEEN HUNDRED AND FORTY-SIX AND OF REPUBLIC ACT NUMBERED EIGHT AND
ALL THE PUBLIC LANDS AND IMPROVEMENTS THEREON TRANSFERRED TO THE
NATIONAL ABACA AND OTHER FIBERS CORPORATION UNDER THE PROVISIONS OF
EXECUTIVE ORDER NUMBERED TWENTY-NINE DATED OCTOBER TWENTY-FIVE,
NINETEEN HUNDRED AND FORTY-SIX AND OF EXECUTIVE ORDER NUMBERED
NINETY-NINE DATED OCTOBER TWENTY-TWO, NINETEEN HUNDRED AND FORTY-SEVEN |
Section
1. Section one of Republic Act Numbered Four hundred
seventy-seven is amended so as to read as follows: "Section 1. All
lands which have been or may hereafter be transferred to the Republic
of the Philippines in accordance with the Philippine Property Act of
nineteen hundred and forty-six (Act of Congress of the United States of
July three, nineteen hundred and forty-six, and Republic Act Numbered
Eight and all the public lands and improvements thereon transferred
from the Bureau of Lands to the National Abaca and other Fibers
Corporation under the provisions of Executive Order Numbered
Twenty-nine, dated October twenty-five, nineteen hundred and
forty-six), and of Executive Order Numbered Ninety-nine, dated October
twenty-two, nineteen hundred and forty-seven, shall be subdivided by
the National Abaca and other Fibers Corporation into convenient-sized
lots, except such portions thereof as the President of the Philippines
may reserve or transfer title thereto for the use of the National or
local governments, or for the use of corporations or entities owned or
controlled by the Government. Subdivision lots primarily intended for,
or devoted to, agricultural purposes shall not exceed an area of five
hectares for coconut lands, ten hectares for improved abaca lands, and
twelve hectares for unimproved lands; urban homesite or residential
lots shall not exceed an area of one thousand square meters nor less
than one hundred fifty square meters." Sec. 2. This Act shall take effect upon its approval.cralaw Approved: June 22, 1957 |