Section 1
SECTION 1. If, for the proper attainment of its purposes, the National Development Company should find it necessary to acquire, hold and manage, alienate or encumber lands, mines or mining claims in excess, of the limit as to area established by law, said company is hereby authorized to acquire, hold, manage, alienate, arid encumber such lands, mines or mining claims during a period of ten years from and after the date of their acquisition, possession, or administration, in order to prepare and facilitate the alienation or other disposal of the same. The Governor-General may, however, extend this time from year to year, whenever necessary in order to facilitate the sale or disposal of such agricultural lands, mines or mining claims, provided the total of such extensions shall not exceed ten years.