Section 5
SEC. 5. The Philippine Coconut Administration is au-thorized and empowered to bid for and purchase at any foreclosure or other sale, or otherwise to acquire the enterprise, including all its property, pledged or mortgaged secure any loan made pursuant to this Act; to pay purchase price and any costs and expenses incurred in connection therewith from the sum appropriated in section one of this Act; to accept title to any enterprise, including all its property, so purchased or acquired in the name of the Government of the Philippines; to operate or lease such enterprise for such period as may be deemed necessary or advisable to protect the investment therein, but not to exceed five years after the acquisition thereof; and to sell such enterprise and all its property, so acquired, upon such terms and for such consideration as the Philippine Coconut Administration shall determine to be reasonable. No borrower of funds under this Act shall, without the approval of the Philippine Coconut Administration, sell or dispose of its enterprise, property, or rights, acquired under the provisions of this Act, until any loan obtained from the said Philippine Coconut Administration, including all interest and charges, shall have been repaid.