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| REPUBLIC ACT NO. 926 - AN ACT TO
AUTHORIZE THE PRESIDENT TO CONVEY PUBLIC LAND AND OTHER PUBLIC PROPERTY
IN PAYMENT OF LANDED ESTATES ACQUIRED BY THE GOVERNMENT |
| Section 1. In
payment of compensation for landed estates acquired by the Government,
whether thru voluntary agreement or thru expropriation proceedings, the
President of the Philippines may convey in behalf of the Republic, with
the written consent of the owner of land, in total or partial payment
of such compensation, such public land as is disposable by sale or
lease to private individuals in accordance with law and such other
similarly disposable property pertaining to the Republic of the
Philippines. In effecting such exchange involving public agricultural
land, the assessed value shall not be taken into consideration. Section 2. Public lands conveyed under this Act by the President of the Philippines in behalf of the Republic shall be limited to the area as provided for in Commonwealth Act Numbered One hundred forty-one, otherwise known as the Public Land Law. Section 3. This Act shall take effect upon its approval. Approved: June 20, 1953 |
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