An Act to Suspend the Granting of Geological Exploration and Petroleum Drilling Leases Under Act Numbered Twenty-Nine Hundred and Thirty-Two.

[ Commonwealth Act No. 433, May 31, 1939 ]

AN ACT TO SUSPEND THE GRANTING OF GEOLOGICAL EXPLORATION AND PETROLEUM DRILLING LEASES UNDER ACT NUMBERED TWENTY-NINE HUNDRED AND THIRTY-TWO.

Be it enacted by the National Assembly of the Philippines:

Section 1.Commonwealth Act Numbered Three hundred fifty-one is amended by inserting thereto section 3-A to read as follows:

"Section 3.A. The granting of Geological Exploration and Petroleum Drilling Leases under the provisions of Act Numbered Twenty-nine hundred and thirty-two and the rules and regulations promulgated thereunder shall be suspended for five years from the date of the approval of this Act.ℒαwρhi৷"

Section 2.This Act shall take effect upon its approval.

Approved, May 31, 1939.