Law Summary

Overview

Proclamation No. 486, issued on February 10, 1958, by President Carlos P. Garcia, reserves a specific parcel of land in Ermita, City of Manila, for building site purposes of the Central Bank of the Philippines. This proclamation is made pursuant to the authority vested in the President by law and upon the recommendation of the Secretary of Agriculture and Natural Resources.

Land Description

• The land reserved is described as Lot L of the consolidation and subdivision plan Bcs-2061, which is part of a larger consolidation of multiple lots within Block 311 of the City of Manila's cadastral survey.
• Key Definitions:
  • Lot L: The specific parcel of land being reserved.
  • Bcs-2061: The consolidation and subdivision plan referenced in the proclamation.

Boundary and Measurement Details

• The land is bounded by:
  • Southwest (SW), Northwest (NW), and North (N): By Lot M of the consolidation and subdivision plan.
  • Northeast (NE): By Taft Avenue.
  • Southeast (SE), South (S), and Southwest (SW): By Lot K of the consolidation and subdivision plan.
• Measurements: The total area of the lot is 13,595.90 square meters, with detailed coordinates and measurements specified in a sequential manner, indicating the exact layout of the land.

Reservation and Administration

• Reservation: The land is withdrawn from sale or settlement and reserved specifically for the Central Bank of the Philippines.
• Administration: The Central Bank will administer the reserved land, subject to existing private rights, where applicable.

Legal Authority

• The proclamation cites the authority of the President to reserve land for public purposes, highlighting the legal backing for the action taken.
• Cross-References: The proclamation is enacted under the context of laws governing land reservation and use for government entities.

Execution and Validation

• The proclamation is officially signed by President Carlos P. Garcia and countersigned by Executive Secretary Juan C. Pajo, validating the document and its provisions.
• Note: The data regarding Bcs-2061 is subject to verification, indicating that the details may change upon further examination.

Key Takeaways

• Proclamation No. 486 reserves a parcel of land in Ermita for the exclusive use of the Central Bank of the Philippines.
• The land encompasses a detailed area of 13,595.90 square meters, with specific boundaries and measurements provided.
• The reservation is made with consideration for existing private rights and is backed by presidential authority.
• The document emphasizes the need for further verification of the land details, highlighting a potential for changes.

This summary outlines the essential aspects of Proclamation No. 486, focusing on its legal implications, land specifications, and administrative authority while maintaining clarity and precision in legal terminology.