AUTHORIZING THE MUNICIPAL MAYOR TO REPRESENT THE LOCAL GOVERNMENT UNIT OF BULALACAO, ORIENTAL MINDORO TO ENTER INTO A MEMORANDUM OF AGREEMENT WITH MRS. CARMELINA F. MAGADA REPRESENTED BY MRS. EMELITA F. PIANA FOR THE RENTAL OF A PARCEL OF LAND CONTAINING AN AREA OF FIVE THOUSAND SQUARE METERS (1/2 HAS.) INCLUDING THE WATER SPRING THEREIN SITUATED IN BARANGAY SAN FRANCISCO, THIS MUNICIPALITY OWNED BY THE LATTER WHICH SHALL SERVE AS THE WATER SOURCE FOR BARANGAY SAN FRANCISCO IN CONSIDERATION OF A MONTHLY RENTAL FEE OF TWO THOUSAND FIVE HUNDRED PESOS (PHP2,500.00) AND SUCH OTHER TERMS AND CONDITIONS THAT MAY BE AGREED UPON BY BOTH PARTIES

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