Section 11
SEC. 11. The first paragraph of section fifty-nine of Commonwealth Act Numbered Fifty-eight is hereby amended to read as follows: "SEC. 59. Constitution and compensation of board of tax appeals.—The board of tax appeals shall be composed of five members who shall be appointed by the President of the Philippines with the approval of the Commission on Appointments on the first day of September of each year in which the first regular session of the National Assembly shall' begin, three of whom shall be owners of real estate in the city, of which number, two shall be selected from a list of ten persons to be submitted to the President of the Philippines by the "Asociacion de Propietarios de Cebu," which list shall be submitted to him by the said association not later than the fifteenth day of August of the same year. Should the said list not be submitted by the aforesaid association within the time, fixed herein, the President of the Philippines shall select such two members in his own discretion."