REPUBLIC ACT NO. 3414 - AN ACT PROVIDING FOR THE ACQUISITION EITHER THROUGH EXPROPRIATION PROCEEDINGS OR PURCHASE OF CERTAIN LOTS IN THE MUNICIPALITY OF BILIRAN, PROVINCE OF LEYTE, FOR USE OF THE BILIRAN NATIONAL RURAL HIGH SCHOOL, AND AUTHORIZING THE APPROPRIATION OF FUNDS THEREFOR
1. The sum of four hundred fifty thousand pesos or so
much thereof as may be necessary, is hereby authorized to be
appropriated, out of any funds in the National Treasury not otherwise
appropriated, to acquire, through expropriation proceedings or
purchase, lots numbers 1, 2, 3, 4 and 5 of plan PS 14778 situated in
the Municipality of Biliran, Province of Leyte, covered by Transfer
Certificate of Title No. T-739 of the Registry of Deeds of Leyte,
including the improvements found thereon, for school site of the
Biliran National Rural High School. |
Sec. 2. The title to said properties so acquired either through expropriation proceedings or purchase mentioned in the preceding section shall be vested in the Biliran National Rural High School.
Sec. 3. At least one-half of the income realized from the properties so acquired shall accrue to the general fund of the National Government until the full amount of the purchase price thereof shall have been fully paid.
Sec. 4. Within thirty days after the approval of this Act, the Secretary of Education or his representative shall undertake to negotiate for the purchase, or institute expropriation proceedings, of the property referred to in accordance with law.
Sec. 5. This Act shall take effect upon its approval.
Enacted, without Executive approval, June 18, 1961.