Back

City Of Manila Vs. Arellano Law Colleges, Inc.

THE CITY OF MANILA, plaintiff-appellant, vs. THE ARELLANO LAW COLLEGES, INC., defendant-appellee.

G.R. No. L-2929 | 1950-02-28

D E C I S I O N


TUASON, J.:

Section 1 of Republic Act No. 267 provides:

"Cities and municipalities are authorized to contract loans from the Reconstruction Finance Corporation, the Philippine National Bank, and/or any other entity or person at a rate of interest not exceeding eight per cent per annum for the purpose of purchasing or expropriating homesites within their respective territorial jurisdiction and reselling them at cost to residents of the said cities and municipalities."

The court below ruled that this provision empowers cities to purchase but not to expropriate lands for the purpose of subdivision and resale, and so...