Section 13
SEC. 13. Subsection (a), section thirty of the same Act, is amended to read as follows: "(a) Lands or buildings owned by the Republic of the Philippines, the Province of Negros Oriental or the City of Dumaguete and burying grounds, churches, and their adjacent parsonages and convents, and lands or buildings used exclusively for, and actually devoted to, religious, charitable, scientific, or educational purposes, and not for profit: but such exemption shall not extend to lands or buildings hold for investment, lands and/or buildings not actually utilized and/or devoted to religious, charitable, scientific or educational purposes although they are owned by religious, charitable, scientific, or educational institutions, though the income therefrom be devoted to, and used for, religious, charitable, scientific, or educational purposes."