ORDINANCE NO. 2019-050

AN ORDINANCE AMENDING ORDINANCE NO. 2018-047, AS REVISED BY ORDINANCE NO. 2011-009, ENTITLE, “AN ORDINANCE SETTING THE GUIDELINES FOR THE RESALE AND DISPOSITION OF THE REAL ESTATE PROPERTY ACQUIRED BY THE CITY GOVERNMENT OF NAGA DUE TO NON-PAYMENT OF REAL ESTATE PROPERTY TAXES, CREATING AN AUCTION COMMITTEE TO CONDUCT THE AUCTION SALE OF ALL DELINQUENT REAL PROPERTIES AND ACQUIRED PROPERTIES PURSUANT TO SECTION 263, R.A. 7160 IN THE CITY OF NAGA, AND PROVIDING FOR THE MECHANISM FOR THE RESALE AND DISPOSITION OF SAID REAL PROPERTIES AS MANDATED UNDER SECTION 264 OF SAID LAW”, SPECIFICALLY SECTION 4 THEREOF