Section 36
SEC. 36. The disposition of the third group of mineral lands, or lands containing mineral fuels, whether public or private, shall be governed by Act Numbered Two thousand seven hundred nineteen, as amended, entitled "An Act to provide for the leasing and development of coal lands in the Philippine Islands" and the regulations promulgated thereunder, and by Act Numbered Two thousand nine hundred thirty-two, as amended, entitled, "An Act to provide for the exploration, location and lease of lands containing petroleum and other mineral oils and gas in the Philippine Islands" and the regulations promulgated thereunder: Provided, That the granting of permit, license, lease, or concession of such coal, or petroleum land, shall be limited to citizens of the Philippines of legal age, or to associations or to corporations organized and constituted under the laws of the Philippines: Provided, further, That the provisions of Acts Numbered Two thousand seven hundred and nineteen, as amended, and Two thousand nine hundred and thirty-two, as amended, to the contrary notwithstanding, at least sixty per centum of the capital of such association or corporation shall at all times be owned and held by citizens of the Philippines. All licenses, concessions, or leases for the exploitation, development, or utilization of such coal lands, or lands containing petroleum and other mineral oils and gas, shall be for a period not exceeding twenty-five years, renewable for another period not exceeding twenty-five years.