ChanRobles Virtual law Library
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. 498 - AN
ACT AUTHORIZING CITIES, MUNICIPALITIES AND PROVINCES TO PURCHASE AND/OR
EXPROPRIATE HOME SITES AND LANDED ESTATES AND SUBDIVIDE THEM FOR RESALE
AT COST, AND TO USE THEIR OWN FUNDS OR CONTRACT LOANS FOR THE PURPOSE,
AMENDING FOR SUCH PURPOSES REPUBLIC ACT NUMBERED TWO HUNDRED AND
SIXTY-SEVEN |
Section 1. The
title of Republic Act Numbered Two hundred and sixty-seven is amended
to read as follows: "An Act authorizing cities, municipalities and provinces to purchase and/or expropriate home sites and landed estates and subdivide them for resale at cost, and to use their own funds or contract loans for the purpose." Sec. 2. Section one of Republic Act Numbered Two
hundred and sixty-seven is amended to read as follows: Sec. 3. Section two of Republic Act Numbered Two
hundred and sixty-seven is amended to read as follows: Sec. 4. This Act shall take effect upon its approval. Approved: June 12, 1950 |
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