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PHILIPPINE LAWS, STATUTES & CODES
A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
Republic Acts :
REPUBLIC ACTS
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REPUBLIC ACT NO. 5919 - AN
ACT AUTHORIZING THE PRESIDENT OF THE PHILIPPINES TO SELL CERTAIN
PARCELS OF LAND OWNED BY THE GOVERNMENT LOCATED AT LEPANTO STREET,
SAMPALOC, MANILA, TO THE PHILIPPINE COLLEGE OF COMMERCE Section 1. The President of the Philippines is hereby
authorized to sell to the Philippine College of Commerce, a government
educational institution, for a nominal price of one peso certain
parcels of land owned by the Government located at Lepanto Street,
Sampaloc, Manila, which are more particularly designated as follows: Sec. 2. This conveyance is made for the purpose of giving the Philippine College of Commerce a permanent site on Lepanto Street, Sampaloc, Manila. Sec. 3. The title to the land conveyed by this Act shall not be transferred by the Philippine College of Commerce to another person without previous authorization by the Congress of the Philippines. Sec. 4. The property shall not be leased but any space in the buildings to be constructed therein may be leased: Provided, That the proceeds from such leases shall be utilized exclusively for purposes for which the Philippine College of Commerce has been established. Sec. 5. The Philippine College of Commerce is
hereby authorized to mortgage the above-described property for the
purpose of constructing the building or buildings to government owned
or controlled corporations only. Sec. 6. This Act shall take effect upon its
approval. Approved: June 21, 1969 |
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