Section 11
SEC. 11. Whenever the National Housing Commission shall certify to the President of the Philippines that it is to the public interest to expropriate private lands in any city or populous town or adjacent thereto for the purpose of subdividing the same into small lots and leasing and selling the lots to individuals, the President may authorize the National Housing Commission to exercise the right of eminent domain. The National Housing Commission may enter into possession of the land sought to be expropriated immediately, upon deposit with the court of an equal amount to the assessed value of such land, as declared by the owner and approved by the city or provincial assessor, in accordance with the provisons of Commonwealth Act Numbered Five hundred thirty.