An Act Amending Section One of Act Numbered Twenty-Six Hundred and Sixty, Entitled "An Act Establishing and Regulating Trading Systems in the Department of Mindanao and Sulu," Extending its Provisions to the Mountain Province and Nueva Viscaya, and for Other Purposes
Act No. 2910, approved on March 23, 1920, amends Section One of Act No. 2660 to extend trading system provisions to the Mountain Province and Nueva Vizcaya. It allows these provinces, along with others like Agusan and Bukidnon, to establish trading stores and exchanges to enhance local agricultural and industrial production, and facilitate commerce among diverse communities. Additionally, it permits the operation of public markets and utilities to support these trading systems. The act also empowers provinces to promote and invest in corporations aimed at agricultural and industrial development, subject to the Secretary of the Interior's approval.
Law Information
- Reference Number
- Act No. 2910
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
March 23, 1920
ACT NO. 2910
AN ACT AMENDING SECTION ONE OF ACT NUMBERED TWENTY-SIX HUNDRED AND SIXTY, ENTITLED "AN ACT ESTABLISHING AND REGULATING TRADING SYSTEMS IN THE DEPARTMENT OF MINDANAO AND SULU," EXTENDING ITS PROVISIONS TO THE MOUNTAIN PROVINCE AND NUEVA VISCAYA, AND FOR OTHER PURPOSES
SECTION 1. Section one of Act Numbered Twenty-six hundred and sixty, entitled "An Act establishing and regulating trading systems in the Department of Mindanao and Sulu," is hereby amended to read as follows:
"SECTION 1. The Mountain Province, the Provinces of Nueva Vizcaya, Agusan, Bukidnon, Cotabato, Davao, Lanao, Zamboanga, and Sulu may severally establish trading stores or exchanges to be known as trading systems to facilitate the production and sale of the products of local agriculture and industry, or their exchange for needed merchandise, and to extend the commercial relations of the mohammedans and pagans with christian elements of population. There may be operated in connection therewith public markets, stores, work shops, transportation lines and such other public utilities as may be helpful in carrying on the said trading system. Subject to the approval of the Secretary of the Interior, said provinces may, through the instrumentality of their trading systems, promote, organize, operate, and liquidate corporations, or invest part of their funds in such corporations, for the purpose of promoting agriculture and industries, when such course will best promote the general welfare, especially with reference to food production, cattle-breeding and agricultural development."
Approved, March 23, 1920.
Cite This Law
An Act Amending Section One of Act Numbered Twenty-Six Hundred and Sixty, Entitled "An Act Establishing and Regulating Trading Systems in the Department of Mindanao and Sulu," Extending its Provisions to the Mountain Province and Nueva Viscaya, and for Other Purposes, Act No. 2910, Mar 23, 1920 (Philippines)
An Act Amending Section One of Act Numbered Twenty-Six Hundred and Sixty, Entitled "An Act Establishing and Regulating Trading Systems in the Department of Mindanao and Sulu," Extending its Provisions to the Mountain Province and Nueva Viscaya, and for Other Purposes, Act No. 2910 (Phil. 1920)
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