[ REPUBLIC ACT NO. 393, June 18, 1949 ]

AN ACT CONDONING THE PAYMENT OF INTERESTS DUE ON FRIAR LANDS WITHIN THE TALISAY-MINGLANILLA ESTATE, PROVINCE OF CEBU, FOR THE PERIOD FROM JANUARY ONE, NINETEEN HUNDRED FORTY-TWO TO MARCH TEN, NINETEEN HUNDRED FORTY-FIVE.



Be it enacted by the. Senate and House of Representatives of the Philippines in Congress assembled:

SECTION   1.   The  collection  of  interest  for  the  period from January one, nineteen hundred forty-two to March ten, nineteen  hundred  forty-five,   on   friar   lands  within the Talisay-Minglanilla Estate, Province of Cebu, which were sold but not yet fully paid  for and finally conveyed the   respective   purchasers   under   the   provisions  of Act Eleven hundred twenty and Commonwealth Act Numbered Thirty-two, as amended, is hereby waived.

SEC. 2. No   payment   already   made   in   the   concept of  interest for  the period  stated  in  the preceding section shall be reimbursed, but any payment made after liberation of the Province of Cebu on account of interest due on any lot within the said estate may be applied the payment of installments, if any, that may be due the same lot.

SEC. 3. This Act shall take effect upon its approval.

Approved, June 18,1949.