REPUBLIC ACT No. 2616
AN ACT PROVIDING FOR THE EXPROPRIATION OF THE TATALON ESTATE IN QUEZON CITY AND FOR THE SALE, AT COST, OF THE LOTS THEREIN TO THEIR PRESENT BONA FIDE OCCUPANTS, AND AUTHORIZING THE APPROPRIATION OF TEN MILLION PESOS FOR THE PURPOSE.
Section 1. The expropriation of the Tatalon Estate in Quezon City jointly owned by the J. M. Tuazon and Company, Inc., Gregorio Araneta and Company, Inc., and Florencio Deudor, et al., is hereby authorized.
Section 2. Immediately upon the appropriation of funds by the Congress of the Philippines for the payment of just compensation for the said Tatalon Estate, the Solicitor General, or any other proper Government authority shall institute the necessary expropriation proceedings before the Court of First Instance of Quezon City.
Section 3. After the expropriation of the Tatalon Estate as provided in this Act, the lots therein shall be sold at cost to their present bona fide occupants in not more than two hundred forty equal monthly installments with interest of not more than six per...
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Republic Acts
AN ACT PROVIDING FOR THE EXPROPRIATION OF THE TATALON ESTATE IN QUEZON CITY AND FOR THE SALE
Republic Act No. 2616
Summary of Republic Act No. 2616
Expropriation of the Tatalon Estate in Quezon City
- The expropriation of the Tatalon Estate jointly owned by J.M. Tuazon and Company, Inc., Gregorio Araneta and Company, Inc., and Florencio Deudor, et al. is authorized. (Section 1)
- Upon appropriation of funds by Congress for just compensation, the Solicitor General or other proper authority shall institute expropriation proceedings before the Court of First Instance of Quezon City. (Section 2)
Sale of Lots to Bona Fide Occupants
- After expropriation, the lots shall be sold at cost to their present bona fide occupants in not more than 240 equal monthly installments with interest not exceeding 6% per annum on the unpaid balance. (Section 3)
Prohibition on Ejectment Proceedings
- After expropriation proceedings are initiated and during their pendency, no ejectment proceedings shall be instituted or prosecuted against present occupants, and ongoing ejectment proceedings shall not continue. (Section 4)
- Owners shall not sell any lot or portion thereof to anyone other than the present occupant without the latter's consent given in a public instrument. (Section 4)
Penalties for Violation
- Owners, managers, agents, or representatives who violate Section 4 shall be liable for exemplary damages equivalent to the actual damages suffered by the prejudiced occupant, and for attorney's fees and expenses of litigation. (Section 5)
Restrictions on Disposal of Lots
- No person acquiring a lot under this Act shall sell, transfer, mortgage or otherwise dispose of the lot or any portion thereof within 5 years from the date of full ownership without the consent of the Secretary of Agriculture and Natural Resources. (Section 6)
Appropriation of Funds
- An amount of 10 million pesos is authorized to be appropriated for the purposes of this Act, without prejudice to any other method of raising funds determined by the President, including proceeds from government bonds and Japanese reparations. (Section 7)
Effectivity
- This Act shall take effect upon its approval. (Section 8)
Expropriation of the Tatalon Estate in Quezon City
- The expropriation of the Tatalon Estate jointly owned by J.M. Tuazon and Company, Inc., Gregorio Araneta and Company, Inc., and Florencio Deudor, et al. is authorized. (Section 1)
- Upon appropriation of funds by Congress for just compensation, the Solicitor General or other proper authority shall institute expropriation proceedings before the Court of First Instance of Quezon City. (Section 2)
Sale of Lots to Bona Fide Occupants
- After expropriation, the lots shall be sold at cost to their present bona fide occupants in not more than 240 equal monthly installments with interest not exceeding 6% per annum on the unpaid balance. (Section 3)
Prohibition on Ejectment Proceedings
- After expropriation proceedings are initiated and during their pendency, no ejectment proceedings shall be instituted or prosecuted against present occupants, and ongoing ejectment proceedings shall not continue. (Section 4)
- Owners shall not sell any lot or portion thereof to anyone other than the present occupant without the latter's consent given in a public instrument. (Section 4)
Penalties for Violation
- Owners, managers, agents, or representatives who violate Section 4 shall be liable for exemplary damages equivalent to the actual damages suffered by the prejudiced occupant, and for attorney's fees and expenses of litigation. (Section 5)
Restrictions on Disposal of Lots
- No person acquiring a lot under this Act shall sell, transfer, mortgage or otherwise dispose of the lot or any portion thereof within 5 years from the date of full ownership without the consent of the Secretary of Agriculture and Natural Resources. (Section 6)
Appropriation of Funds
- An amount of 10 million pesos is authorized to be appropriated for the purposes of this Act, without prejudice to any other method of raising funds determined by the President, including proceeds from government bonds and Japanese reparations. (Section 7)
Effectivity
- This Act shall take effect upon its approval. (Section 8)