Exemption from taxation.
Section 26
SEC. 26. Exemption from taxation.—Lands or buildings owned by the United States of America, the Government of the Philippines, the City of Zamboanga, the Province of Zamboanga, and burying grounds, churches, and their adjacent parsonages and convents, and lands or buildings used exclusively for religious, charitable, scientific, or educational purposes, and not for profit, shall be exempt from taxation; but such exemption shall not extend to lands or buildings held for investment, though the income therefrom be devoted to religious, charitable, scientific, or educational purposes.