AN ORDINANCE RATIFYING THE MEMORANDUM OF AGREEMENT ENTERED INTO BY AND BETWEEN THE ZONE 12 BULUA LANDLESS ASSOCIATION, INC. AND THE CITY GOVERNMENT REPRESENTED BY CITY MAYOR VICENTE Y. EMANO, COVERING THE FORMER’S LOAN WITH THE CITY AMOUNTING TO P250,000.00 TO COMPLETE THE ASSOCIATION’S 10% EQUITY FOR THE ACQUISITION OF THE BANK OF THE PHILIPPINE ISLANDS’ FORECLOSED LOT APPLIED FOR BY THE SAID ASSOCIATION; AND FOR THIS PURPOSE, REVERTING THE SUM OF P250,000.00 FROM THE HEREIN MENTIONED SOURCES OF FUND AND REAPPROPRIATING THE SAME TO BE MADE AVAILABLE THEREFOR