Amending R.A. No. 17 Re: Reserve Vault Committee

March 4, 1947

REPUBLIC ACT NO. 92

AN ACT AMENDING SECTIONS ONE AND SEVEN OF REPUBLIC ACT NUMBERED SEVENTEEN, ENTITLED "AN ACT TO PROVIDE FOR THE CIRCULATION OF TREASURY CERTIFICATES WITH THE OFFICIAL SEAL OF THE REPUBLIC OF THE PHILIPPINES STAMPED, PRINTED OR SUPERIMPOSED THEREON, AND FOR OTHER PURPOSES"

 Sections one and seven of Republic Act Numbered Seventeen are amended to read as follows:

"Sec. 1. The Reserve Vault Committee provided for in section sixteen hundred and twenty-five (e) of the Revised Administrative Code is hereby authorized and directed to cause the official seal of the Republic of the Philippines to be stamped, printed or superimposed on all the unissued Treasury certificates in its possession and on all Treasury certificates that will hereafter come into its possession, and shall not issue or cause to be issued, after the expiration of the period for the stamping of Treasury certificates with the seal of the Republic of the Philippines provided for in this Act, any Treasury certificates that has not previously been so stamped, printed or superimposed with the official seal of the Republic of the Philippines. The Reserve Vault Committee shall determine the manner of effecting the above purpose."

"Sec. 7. The President of the Philippines is hereby authorized to extend the period provided for in sections three, five, and six of this Act for periods of not more than three months in each case, but in no case beyond March thirty-first, nineteen hundred and forty-eight, if in his opinion, public interest warrants such extension." acd

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

Approved: March 4, 1947

Published in the Official Gazette, Vol. 43, No. 3, p. 808 in March 1947