Application for concessions.
Section 40
SEC. 40. Application for concessions.—All applications for concessions shall be filed in triplicate with the official or chief of the bureau, office or service designated to carry out the provisions of this Act, and be accompanied by a description giving latitude and longitude indicated upon a chart of the region desired, the latest published charts of the Bureau of Coast and Geodetic Survey being taken as the basis of the plot. The application must be under oath and shall contain the following information: (a) Age, citizenship and residence of the applicant, if he is an individual; and if an association or a corporation, its officers, domicile and whether or not it is organized under the laws of the Philippine Islands; (b) Area of the concession applied for; (c) Whether the area applied for conflicts in any way with any concession already granted or occupied; (d) Capital available for investment; (e) That upon approval of the application the concession shall be marked at each corner with properly anchored buoys.