Section 1
SECTION 1. The title to and ownership of that certain parcel of land wherein the court and stadium for Basque pelota operated by the Jai-Alai and Amusement Corporation of the Philippines, situated in the City of Manila is hereby transferred and vested in the National Development Company. Said parcel of land is more particularly described as follows: "TCT No. 7579 A parcel of land (lot 1-B-2, of the subdivision plan (LRC) Psd-36349, being a portion of Lot 1-B described on plan (LRC) Psd-11613, LRC Cad. Rec. No. 392), situated in the District of Ermita, City of Manila, Island of Luzon. Bounded on the NE., points 3 to 4 by Lot 2, Psd-929; on the SE., points 4 to 5 by lot 2, Pcs-929; and points 5 to 6 and 6 to 1 by Lot 4-B, Psd-5174; on the SW., points 1 to 2 by Taft Avenue; and on the NW., points 2 to 3 by Lot 1-B-1, of subdivision plan. Beginning at a point marked "1" on plan, being N. 27 deg. 58 min, W., 200.28 meters from BLLM. 47, Manila Cad. 13, thence N. 28 deg. 44'W., 89.69 m. to point 2; thence N. 61 deg. 12' E., 72.44 m. to point 3; thence S. 28 deg. 44' E., 88.78 m. to point 4; thence S. 59 deg. 54' W., 3.33 m. to point 5; thence S. 60 deg. 24' "., 65.45 to point 6; thence S. 62 deg. 24' W., 3.69 m. to point of beginning. Containing an area of Six Thousand Four Hundred and Seventy Square Meters and Thirty Square Decimeters (6,470.30) more or less. All points referred to are indicated on the plan and are marked by the ground as follows: Point 6 by Old G.I.S. on wall, Point 6 by Old GIS. On Conc. Gatter; Point 4 by Old GIS. On Asphalt Road; Point 1 by Old GIS. Marked on the group and the rest by P.S. Cyl. Conc. Mons. 15 x 60 cm.; bearings true; declination variable; date of original survey, Aug. 25, 1919 and that of the subdivision survey, June 8, 1964."