Section 2
SEC. 2. To enable INTERNATIONAL SCHOOL, INC. to continue carrying out its educational program and improve its standard of instruction, said school shall: be entitled to use the real properties so donated and to construct and own buildings thereon exclusively for educational purposes without paying any rental for a period of twenty-five (25) years, renewable for another 25 years upon the same terms: PROVIDED, That after the 25-years period or, renewal period or if, for any reason, INTERNATIONAL SCHOOL, INC., ceases to occupy said real properties, all improvements thereon of a permanent nature shall belong to the Government of the Republic of the Philippines; upon consultation with the Secretary of Education and Culture, shall determine its own curriculum and teach whatever language or languages it may deem proper and determine the amount of fees and assessments which may be reasonably imposed upon its students, to maintain or conform to the school standard of education; employ its own teaching and management personnel selected by it either locally or abroad, from Philippine or other nationalities, such personnel being exempt from otherwise applicable laws and regulations attending their employment, except laws that have been or will be enacted for the protection of employees; PROVIDED, That such exemption shall not extend to their liability for income taxes; whenever necessary to carry out its objectives, have the right to obtain leases on real properties, acquire personal properties, tangible or intangible, or any interests in such properties other real, by purchase, lease, barter, donation, gift or otherwise and dispose of, mortgage or encumber them for the benefit of the school concerned; establish its own calendar of studies and work schedule to maximize its efficiency and promote the education of its students; maintain standards of education compatible with those obtaining in similar schools of generally recognized standing; promote international friendship, goodwill and understanding among the members of the foreign community and the citizens of the Philippines; and not teach anything derogatory to the prestige and well-being of the Philippines and its people, nor those which will subvert its institutions and government.