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

SECTION 1. Section sixty, Chapter IX, Title III of Commonwealth Act Numbered One hundred and forty-one, otherwise known as the Public Land Act, is amended to read as follows:

"SEC. 60. Any tract of land comprised under this title may be leased or sold, as the case may be, to any person, corporation, or association authorized to purchase or lease Public lands for agricultural purposes. The area of the land so leased or sold shall be such as shall, in the judgment of the Secretary of Agriculture and Natural Resources, be reasonably necessary for the purposes for which such sale or lease is requested, and shall in no case exceed one hundred and forty-four hectares: Provided, however, That this limitation shall not apply to grants, donations, or transfers made to a province, municipality branch or subdivision of the Government for the Purposes deemed by said entities conducive to the public interest; but the land so granted, donated, or transferred to a province, municipality, or branch or subdivision of the Government shall not be alienated, encumbered otherwise disposed of in a manner affecting its title except when authorized by Congress: Provided, further, That any person, corporation, association or partnership disqualified from purchasing public land for agricultural purposes under the provisions of this Act, may lease land included under this title suitable for industrial or residential purposes, but the lease granted shall only be valid while such land is used for the purposes referred to."

SEC. 2. This Act shall take effect upon its approval.

Approved, June 19, 1964.