Incorporation, Powers.
Section 1
SECTION 1. Incorporation, Powers.—The territory comprising thirty-five million five hundred fifty-seven thousand three hundred thirty-four square meters, located at or near the barrios of Malate, Bongabon, and Ganaderia, Laur along the Cabanatuan City-Bongabon Road, in the Province of Nueva Ecija, the exact boundaries and limits of which are to be defined as herein provided, shall be a political subdivision to be known as the City of Palayan, and by that name shall have perpetual succession; have and use a common seal which it may alter at pleasure; sue and be sued, and prosecute and defend to final judgment and execution; take, purchase, receive, hold, lease, convey, and dispose of real and personal property, for the benefit of the City, within or without its corporate limits; contract and be contracted with; and execute all the powers hereinafter conferred, as well as those generally and ordinarily conferred upon chartered cities. The City of Palayan shall be the new capital of the Province of Nueva Ecija.