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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. 5451 - AN
ACT AUTHORIZING THE PRESIDENT OF THE PHILIPPINES TO SELL A CERTAIN
PARCEL OF LAND OF THE PRIVATE DOMAIN OF THE NATIONAL GOVERNMENT,
LOCATED IN THE CITY OF MANILA, TO THE KNIGHTS OF RIZAL Section 1. The President of the Philippines is hereby
authorized to sell to the Knights of Rizal for the nominal price of one
peso a parcel of land owned by the National Government, situated in
South Harbor, Port Area District, City of Manila, with an area of 1,226
square meters, and described as follows: Sec. 2. This conveyance is made for the exclusive purpose of enabling the Knights of Rizal to construct on the said land a permanent Knights of Rizal Building to be approved by the National Planning Commission. Sec. 3. The title to the land conveyed by this Act shall not be transferred by the Knights of Rizal 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 building to be constructed therein may be leased: Provided, That the proceeds from such lease shall be utilized for purposes for which the Knights of Rizal has been established. Sec. 5. The Knights of Rizal 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. Approved: September 30, 1968 |
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