PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY
REPUBLIC ACTS
REPUBLIC ACT NO. 1268 - AN
ACT DIRECTING THE SALE OF A PORTION OF THE SAN LAZARO FRIAR LANDS IN
THE CITY OF MANILA, AT THE CORNER OF QUEZON BOULEVARD AND C. LERMA
STREET, TO ACTUAL OCCUPANTS |
Section 1. The
Director of Lands is hereby directed to sell to actual occupants the
portions of land belonging to the Republic of the Philippines, situated
at the northeast and southeast intersections of Quezon Boulevard and C.
Lerma Street in the City of Manila: Provided, however, That all lots
bordering Quezon Boulevard and C. Lerma Street shall be sold and used
for commercial purposes.cralaw
Sec. 2. The Director of Lands shall cause the
property mentioned in section one to be subdivided into lots
corresponding to the areas actually occupied by the present occupants,
giving allowance for such streets as may be deemed necessary, the cost
of the survey and subdivision to be considered as part of the purchase
price to be paid by the occupants for their respective
lots. Sec. 4. The purchase price which may be fixed shall be payable in equal installments for ten years. No payment or fee or rent of any kind shall be charged against the purchasers for their occupation of the lots purchased by them prior to the execution of the contract of sale: Provided, That in case of the lots for commercial purposes, the purchasers shall pay an occupation fee equivalent to four per cent of the purchase price of their respective lots, which amount shall also be payable in equal installments for ten years: Provided, further, That the purchase application shall be made by the occupants within ninety days from notice that the lots occupied by them are ready for sale.cralaw Sec. 5. The Director of Lands, with the approval of the Secretary of Agriculture and Natural Resources, shall issue such rules and regulations as may be necessary to carry into effect the provisions of this Act.cralaw
Sec. 6. This Act shall take effect upon its
approval. Approved: June 14, 1955 |
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