Section 2
Sec. 2. The President of the Philippines is vested with the authority, until the date of the adjournment of the next regular session of the National Assembly, to take over solely for use or operation by the Government during the existence of the emergency, any public service or enterprise, and to operate the same. Whenever the President shall determine that the further use or operation by the Government of any such public service or enterprise is.no longer justified by existing conditions, the same shall be restored to the person entitled to the possession thereof. The Government of the Philippines shall pay just compensation, in such manner as may be determined by the President, for the taking over, use, occupation, and operation of any such public service or enterprise. If the amount of compensation so determined should be unsatisfactory to the person:entitled to receive the sane, such person shall be paid seventy-five per centum of the amount so determined:by the President, and shall be entitled to sue the Government of the Philippines to recover such further sums as, added to the said seventy-five per centum, will make up such amount as will be just compensation, in the manner provided by the laws in force for the purpose of determining the compensation to be paid the owner of property acquired through the exercise of the right of :eminent domain. The President,is authorized to prescribe and promulgate¦such regulations as he may deem essential to. carry out the purposes of this Act, including the operation of any such public service or enterprise and the employment, control, and the compensation of the.necessary officers or employees to operate the same. Any income derived from or in connection with the use or operation of any such public service or enterprise may, in the discretion of the President, be used as a revolving fund for the purpose of the continued use or operation of the same.