ORDINANCE No. 8259

AN ORDINANCE AUTHORIZING HIS HONOR, THE MAYOR, TO INITIATE EXPROPRIATION PROCEEDINGS FOR THE ACQUISITION OF THAT CERTAIN PARCEL OF LAND SITUATED AT CAPULONG STREET, TONDO, MANILA, OWNED BY AND REGISTERED UNDER THE NAME OF LEE TAY AND LEE CHAY, INCORPORATED, COVERED BY TRANSFER CERTIFICATE OF TITLE NO. 266851 IN THE REGISTRY OF DEEDS FOR THE CITY OF MANILA, CONTAINING AN AREA OF ONE THOUSAND FORTY-THREE SQUARE METERS (1,043 SQ. M.), MORE OR LESS, FOR RESALE AT COST AND/OR INSTALLMENT BASIS FOR A PERIOD NOT EXCEEDING TWENTY (20) YEARS TO THE QUALIFIED AND BONA FIDE RESIDENTS AND TENANTS THEREAT, PURSUANT TO THE LAND-FOR-THE-LANDLESS PROGRAM OF THE CITY OF MANILA.