Section 10
SEC. 10. Section twenty-nine of Act Numbered Twenty-one hundred and fifty-two is hereby amended to read as follows: "SEC. 29. Upon the completion of the construction of any project, or sufficient part thereof, by the Government, the Secretary of Commerce and Communications shall issue a second public notice, which shall be posted and published in the same manner as provided in section fifteen hereof. "This notice shall announce: "(a) The land irrigable under such project, or part thereof; "(b) The total annual charge per hectare which shall consist of the following items: first, a uniform annual charge to cover the cost of construction with interest, which shall be computed so that it will reimburse within a period not exceeding forty years the cost of construction with interest at the rate of four per centum per annum; second, the estimated cost of operation and maintenance; and third, the insurance charge provided for in section thirty-one hereof: Provided, however, That in the cases of systems wherein the total annual charge, above provided, exceeds twelve pesos per hectare, and the land owners affected do not express in writing their preference to reimburse the cost of construction within a period not exceeding forty years with interest at the rate of four per centum per annum, the total annual charge per hectare shall consist of the following items: first, the annual assessment, which shall be computed at the rate of four per centum of the cost of construction per hectare; second, the estimated cost of operation and maintenance; and third, the insurance charge provided for in section thirty-one hereof. "(c) The payment of the annual charge corresponding to any year shall be made not later than August thirty-first of the succeeding year: Provided, however, That no charge shall be collected from the landowners benefited during the first year of operation; that the cost of operation and maintenance alone shall be collected during the second year of operation; and that the collection of the total annual charge shall begin during the third year of operation. "(d) The date on which the official test of the system is to be made in the presence of the persons interested for their satisfaction. "(e) Failure to pay the annual charge within the period prescribed by item (c) shall subject the landowners to a penalty of ten per centum of the original charge due if paid not later than December thirty-first of every year, the penalty to be increased to twenty per centum thereafter. "If the annual charge and penalties above provided shall remain unpaid on the dates specified in items (c) and (e), the same shall become a lien against the delinquent land and the crops raised thereon, which lien shall have preference and be collectible, as prescribed in section thirteen hereof."