SECTION 1. Subsections (g) and (i) of section two of Act Numbered Twenty-eight hundred and thirty-two, as amended by Act Numbered Forty hundred and seventy-nine, are further amended so as to read as follows:
"SEC. 2. Powers and general functions of the District. The powers, functions, and activities of the Metropolitan Water District of Manila shall be the following:
"(g) To construct all such storm drains as may be needed in the City of Manila and requested by the City, and to maintain and operate all existing drains, the City of Manila to appropriate sufficient funds for this purpose: Provided, however, That should the National Government set aside any sum or sums for the improvement of the drainage system of the City of Manila, such sum or sums shall constitute a special fund of the District to be disbursed subject to the approval of the Secretary of Public Works and Communications.
"(i) To acquire, purchase, hold, transfer, sell, lease, rent, mortgage, encumber, and otherwise dispose of real and personal property, including rights and franchises, within or without the Metropolitan Water District, as authorized by the purpose for which the district was created and reasonably and necessarily required for the transaction of the lawful business of the same, unless otherwise provided in this Act. When real property belonging to the private domain of the Commonwealth of the Philippines is needed by the Metropolitan Water District for its purposes and uses, the President of the Philippines may execute in favor of the District, a proper conveyance thereof by way of sale, lease, exchange, or otherwise, and upon such terms as shall seem to him most convenient."