Exemptions from taxation.
Section 25
SEC. 25. Exemptions from taxation. - Lands and buildings omed by the United States of America, the Government of the Philippines, the special municipalities of the Province of Romblon, and burying grounds, churches, end their: adjacent parsonages and convents, and lands or buildings used exclusively for religious, charitable, scientific or education 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.