AN ACT AMENDING SECTIONS FIVE, SIX AND SEVEN OF ACT NUMBERED THIRTY-THREE HUNDRED AND TWENTY-SEVEN ENTITLED "AN ACT AUTHORIZING PRIVATE SURVEYORS TO MAKE CADASTRAL SURVEY AND FOR OTHER PURPOSES."

• Number: Act No. 3452
• Sections: 4

Section 1

SECTION 1. Section five of Act Numbered Thirty-three hundred and twenty-seven is hereby amended to read as follows:

"SEC. 5. Corporations of private surveyors to which the execution of any cadastral survey has been delegated under this Act are hereby strictly prohibited from collecting any money for cadastral survey fees from the occupants or claimants of land within the cadastral zone. The violation of this prohibition shall be sufficient cause, upon its being proved, for the cancellation of the assignment of the project to the corporation and the forfeiture of the bond furnished under section one, subsection (o) of this Act: Provided, however, That the corporations concerned may assist the municipal treasurers in the collection, and the Director of Lands may appoint other deputy collectors besides the municipal treasurers, whose compensation shall be paid by the corporations concerned thru the Director of Lands."

Section 2

SEC. 2. Section six of Act Numbered Thirty-three hundred and twenty-seven is hereby amended to read as follows:

"SEC. 6. There is hereby appropriated, out of any funds in the Insular Treasury not otherwise appropriated, the sum of five hundred thousand pesos which together with the legal interests accruing thereto shall be at the disposal of the Department of Agriculture and Natural Resources, for the making of loans in cases of duly established necessity and in the manner hereinafter prescribed, exclusively to corporations of private surveyors formed in accordance with this Act, in order to aid the same in the completion of the survey work on a cadastral project or projects being executed by such corporations."

Section 3

SEC. 3. Section seven of Act Numbered Thirty-three hundred and twenty-seven is hereby amended to read as follows:

"SEC. 7. The Director of Lands is hereby authorized, with the approval of the Secretary of Agriculture and Natural Resources, to grant loans to corporations of private surveyors to whom cadastral surveys have been assigned in accordance with this Act, out of the fund created by the preceding section, with legal interest, on the security of the fees remaining to be collected by the municipal treasurers from the occupants or claimants of the lots included in cadastral proceedings submitted to and approved by the Bureau of Lands: Provided, That such loans shall not in any case exceed fifty per centum of the total of such fees, except when the lots have been decreed as private property, in which cases the loan may be increased to not more than seventy-five per centum of the total of the fees remaining to be collected from the owners of such lots, as provided in this section, and shall be repaid with the fees remaining to be collected by said municipal treasurers in connection with said cadastral proceedings."

Section 4

SEC. 4. This Act shall take effect on its approval.

Approved, December 1, 1928.