Section 3
SEC. 3. The Bureau of Forestry shall have jurisdiction and authority over the administration, protection, and management of pasture lands and over the granting of leases or permits for pasture purposes to any citizen of lawful age of the Philippines and any corporation or association of which at least sixty per centum of the capital stock belongs wholly to citizens of the Philippines, and which is organized and constituted under the laws of the Philippines for an area of not more than two thousand hectares in accordance with the provisions of this Act. Such leases shall run for a period of not more than twenty five years, but may be renewed once for another period of not to exceed twenty-five years, in case the lessee shall have made important improvements, which in the discretion of the Secretary of Agriculture and Commerce, justify a renewal.