Section 1
SECTION 1. The lands commonly known as the San Lazaro estate, in the city of Manila, which are under the control and administration of the Insular Government, by virtue of Act Numbered Seventeen hundred and twenty-four of the Philippine Commission, confirming and ratifying the agreement made between the Secretary of War of the United States of North America, representing the Government of the Philippine Islands, and the Archbishop of Manila, representing the Roman Catholic Church, dated the eighth of June, nineteen hundred and seven, are hereby set aside to be sold, either at public auction or by private sale, as hereinafter provided. SEC, 2. Within nine months from the date of the passage of the present occupants or tenants shall be entitled to purchase a lot, or any of the lots of land occupied by him, the area whereof shall not be in excess of fifteen hundred square meters if it is for a residence or six thousand square meters if for other purposes at a price to be fixed by the Director of Lands, not more than the valuation at which they are now assessed by the Collector of Internal Revenue, payable in semiannual installments within a period of not more than fifteen years if for a residence, and not more than five years if for other purposes: Provided, That the purchaser who shall have selected the period of fifteen years in which to pay for the lot purchased by him for residence purposes shall, after the first ten years, be compelled to pay the land tax on said lot, the provisions of section five of this Act to the contrary notwithstanding.