SECTION 1. The President of the Philippines is hereby authorized to sell to the Friends of Roxas, Inc., for the nominal sum of one peso, a parcel of land of the private domain of the national government within the City of Manila with an area of two thousand seven hundred eighty-eight square meters, and described as follows:
"A parcel of land (Lot 3-Portion, Block 501 of the cadastral survey of the City of Manila), situated in the District of Malate, City of Manila. Bounded on the northwest, along line 1-2, by Calle Soldado (now Cuarteles Street) ; on the north, along line 2-3, by Calle Soldado now Cuarteles Street); on the northeast, along line 3-4, Lot 16, Block 501, Manila cadastre; on the southeast, line 4-5, by remaining portion of Lot 3, Block 501, a cadastre; and on the southwest, along line 5-1, by 8, Block 501, Manila cadastre. Beginning at a point marked "1" on plan, being N. 48° 37' W., 230.98 m. from fire plug No. 42, City of Manila, thence N. 67° 46' E., 77.17 m, to point "2"; thence S. 78° 29' E., 4.89 m. to "3"; thence S. 25° 28' E., 31.50 m. to point "4";thence S. 67° 14' W., 80.62 m. to point "5"; thence N. 26° 08’ W., 35.00 m. to point of beginning; containing an area of two thousand seven hundred eighty-eight square meters, more or less."