Section 2
SEC. 2. Before granting the application of any of the corporations above referred to, the Secretary of Agriculture and Natural Resources shall satisfy himself that the same have all the requisites above set forth and shall require them to pay all indebtedness they may have incurred towards the Government of the Philippine Islands or any of the dependencies thereof, and upon compliance with all these conditions, said Secretary of Agriculture and Natural Resources shall grant the lease applied for, in accordance with and subject to the laws and regulations now or hereafter in force in the Philippine Islands.