ORDINANCE No. 7053

AN ORDINANCE APPROPRIATING THE AMOUNT OF P5000.000.00 FOR THE ACQUISITION OF A PROPERTY DESCRIBED AS LOTS NO. 10-B, 10-C, 10-D AND 10-E PSD NO. 8276 AND LOTS NO. 2 AND 6, BLOCK NO. 2844 OF THE MANILA CADASTRAL SURVEY, SITUATED IN THE DISTRICT OF TONDO, CONTAINING A TOTAL AREA OF 20.409.20 SQUARE METERS, TO BE SUBDIVIDED AND RESOLD TO THE ACTUAL AND BONA FIDE TENANTS THEREON ON INSTALLMENT BASIS, PAYABLE IN FORTY (40) YEARS.