Amendment to Act No. 555 (Grant of Franchise to Manila Railroad Company)

September 9, 1903

ACT NO. 879

AN ACT AMENDING ACT NUMBERED FIVE HUNDRED AND FIFTY-FIVE, AS AMENDED, CONFERRING A FRANCHISE UPON THE MANILA RAILWAY COMPANY, LIMITED, TO CONSTRUCT TWO BRANCH ROADS, ONE CONNECTING MABALACAT WITH THE MAINLINE AND ONE CONNECTING BAYAMBANG WITH THE MAIN LINE, BY REQUIRING THE COMPANY TO FILE EACH MONTH WITH THE INSULAR AUDITOR A SWORN STATEMENT OF ITS GROSS EARNINGS

SECTION 1. Section six of Act Numbered Five hundred and fifty-five, entitled "An Act to authorize the construction by the Manila Railway Company, Limited, owning and operating the Manila and Dagupan Railway, of two branches, one connecting Mabalacat with the main line and one connecting Bayambang with the main line," as amended by Act Numbered Seven hundred and five, is hereby repealed and the following inserted in lieu thereof:

"SEC. 6. The Manila Railway Company, Limited, shall keep a record of all its receipts for the carriage of freight and passengers over the lines herein authorized, and shall, at the close of each month, submit to the Insular Auditor a sworn statement of such gross receipts for the preceding month, and shall deposit promptly thereafter with the Insular Treasurer the percentage tax due and payable thereon. The books and records of the Manila Railway Company, Limited, shall at all times be open to inspection and examination by the Insular Auditor or his authorized representative."

SECTION 2. The public good requiring the speedy enactment of this bill, the passage of the same is hereby expedited in accordance with section two of "An Act prescribing the order of procedure by the Commission in the enactment of laws," passed September twenty-sixth, nineteen hundred.

SECTION 3. This Act shall take effect on its passage.

ENACTED, September 9, 1903.