PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES
REPUBLIC ACTS
| REPUBLIC ACT NO. 1266 - AN ACT
AUTHORIZING THE NATIONAL RESETTLEMENT AND REHABILITATION ADMINISTRATION
(NARRA) TO EXPROPRIATE THE HACIENDA DEL ROSARIO, SITUATED AT
VALDEFUENTE, CABANATUAN CITY, AND SUBDIVIDE SAID HACIENDA INTO LOTS TO
BE SOLD TO BONA FIDE OCCUPANTS THEREOF |
| Section 1. The
National Resettlement and Rehabilitation Administration (NARRA) is
hereby authorized to expropriate within six months from the approval of
this Act, the Hacienda del Rosario situated at Valdefuente, Cabanatuan
City, and pay the price of the land and cost of such expropriation out
of its funds. The said hacienda shall be subdivided into lots not
bigger than one hectare each and resold to bona fide occupants thereof
at such price as may be determined by the Board of Directors of the
NARRA which shall include the price of the land and the cost of such
expropriation, administration, subdivision, resale and interests. The
purchase price of the resale to bona fide occupants shall be payable in
installments within the period of not more than ten years.
Sec. 2. This Act shall take effect upon its
approval. Approved: June 11, 1955 |