An Act Appropriating Seventy Thousand Dollars, in Money of the United States, for Payment of the Third Quarterly Interest Upon the Friar-Land Bonds
Act No. 1247, enacted on October 12, 1904, appropriates $70,000 from the Insular Treasury for the payment of the third quarterly interest on bonds related to the "friar lands." This funding is drawn from unallocated treasury funds and supports the obligations established under Act No. 1034. The act emphasizes the urgency of the payment for public good, allowing for expedited passage. It takes effect immediately upon its enactment.
Law Information
- Reference Number
- Act No. 1247
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
October 12, 1904
ACT NO. 1247
AN ACT APPROPRIATING SEVENTY THOUSAND DOLLARS, IN MONEY OF THE UNITED STATES, FOR PAYMENT OF THE THIRD QUARTERLY INTEREST UPON THE FRIAR-LAND BONDS
SECTION 1. There is hereby appropriated, out of any funds in the Insular Treasury not otherwise appropriated, the sum of seventy thousand dollars, in money of the United States, for the purpose of paying interest for the third quarter upon the bonds issued in payment of the so-called "friar lands," in pursuance of the provisions of Act Numbered One thousand and thirty-four.
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, October 12, 1904.
Cite This Law
An Act Appropriating Seventy Thousand Dollars, in Money of the United States, for Payment of the Third Quarterly Interest Upon the Friar-Land Bonds, Act No. 1247, Oct 12, 1904 (Philippines)
An Act Appropriating Seventy Thousand Dollars, in Money of the United States, for Payment of the Third Quarterly Interest Upon the Friar-Land Bonds, Act No. 1247 (Phil. 1904)
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