By authority of the United States, be it enacted by the Philippine Commission, that:
Section 1. Section two of Act Numbered twenty three hundred and sixty, entitled “An Act providing for the sale of the land known as the San Lazaro estate, in the City of Manila,” is hereby amended so as to read as follows:
“Sec. 2. Prior to July first, nineteen hundred and fifteen, all bona fide occupants of the said estate shall be entitled to purchase all the lands occupied by them or their legal representatives as shown by the records of the bureau of lands, not to exceed fifteen hundred square meters for residential and twelve thousand square meters for charitable, religious, or any other purposes, at a price to be fixed by the Director of Lands with the approval of the Secretary of the Interior not to exceed the value at which said lands are now assessed by the city assessor and collector Manila, and the purchase price may be paid cash down or in semi-annual installment within a period of not more than fifteen years, and the purchasers shall be compelled to pay the cost of the surveys necessary to carry out the purposes of this Act, which shall be added to the sale value of the lands surveyed. Land or lands purchased in accordance with provisions of this Act shall be subject to the payment of the land tax, like any other property, from the date of the execution of the contract covering for them.
“For the purpose of this Act, lands purchased by the City of Manila shall be considered as residential lots, without limitation as to area, and the actual cost of the improvements made on said lots by the city of Manila shall be deducted from the price thereof.”.