PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY
REPUBLIC ACTS
REPUBLIC ACT NO. 293 - AN
ACT AUTHORIZING THE SALE OF MARSHY LANDS OR LANDS UNDER WATER BORDERING
ON SHORES OR BANKS OF NAVIGABLE LAKES OR RIVERS |
Section
1. The provisions of section sixty-one of
Commonwealth Act Numbered One hundred and forty-one to the contrary
notwithstanding, marshy lands, and lands underwater bordering on shores
or banks of navigable lakes or rivers which are covered by subsisting
leases or leases which may hereafter be duly granted under the
provisions of the said Act and are already improved and have been
utilized for farming, fishpond, or similar purposes for at least five
years from the date of the contract of the lease, may be sold to the
lessees thereof under the provisions of Chapter Five of the said Act as
soon as the President, upon recommendation of the Secretary of
Agriculture and Natural Resources, shall declare that the same are not
necessary for the public service. Sec. 2. Section sixty-five of Commonwealth Act Numbered One hundred forty-one is hereby amended to read as follows: "Sec. 65. The sale of the lands comprised in classes (c) and (d) of section fifty-nine, among others, comprise the following conditions: "(a) The purchaser shall make improvements of a permanent character appropriate for the purpose for which the land is purchased, shall commence work thereon within six months from the receipt of the order of award, and shall complete the construction of said improvements within eighteen months from the date of such award; otherwise the Secretary of Agriculture and Natural Resources may rescind the contract. "(b) The purchase price shall be paid in cash or in equal annual installments, not to exceed ten. "The contract of sale may contain other conditions not inconsistent with the provisions of this Act." Sec. 3. This Act shall take effect upon its approval. Approved: June 16, 1948 |
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