An Act Appropriating the Sum of Three Million Dollars, in Gold Coin of the United States, from the Gold-Standard Fund for the Purpose of Paying the Principal of the Third Series of Act Numbered One Thousand and Fifty
Act No. 1315, enacted on April 11, 1905, appropriates three million dollars from the gold-standard fund for the payment of the principal of the third series of certificates of indebtedness due on May 1, 1905. This appropriation is made in accordance with prior legislation that allows the Philippine Government to utilize funds for public debts. The Act emphasizes the urgency of the matter, thus expediting its passage. It takes effect immediately upon its enactment.
Law Information
- Reference Number
- Act No. 1315
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
April 11, 1905
ACT NO. 1315
AN ACT APPROPRIATING THE SUM OF THREE MILLION DOLLARS, IN GOLD COIN OF THE UNITED STATES, FROM THE GOLD-STANDARD FUND FOR THE PURPOSE OF PAYING THE PRINCIPAL OF THE THIRD SERIES OF ACT NUMBERED ONE THOUSAND AND FIFTY
SECTION 1. Pursuant to the provisions of section one of Act Numbered Nine hundred and thirty-eight, which declares "That whenever the public interest permits, there may be withdrawn from the gold-standard fund such amount as the Philippine Government may deem proper to pay the principal and interest of all or any part of the certificates of indebtedness issued under section six of the said Act of Congress of March second, nineteen hundred and three," there is hereby appropriated from the gold-standard fund the sum of three million dollars, gold coin of the United States, for the payment in New York, upon maturity, of the principal of the third series of certificates of indebtedness, maturing May first, nineteen hundred and five, and issued pursuant to the provisions of section six of said Act of Congress approved March second, nineteen hundred and three, and Act Numbered One thousand and fifty of the Philippine Commission.
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, April 11, 1905.
Cite This Law
An Act Appropriating the Sum of Three Million Dollars, in Gold Coin of the United States, from the Gold-Standard Fund for the Purpose of Paying the Principal of the Third Series of Act Numbered One Thousand and Fifty, Act No. 1315, Apr 11, 1905 (Philippines)
An Act Appropriating the Sum of Three Million Dollars, in Gold Coin of the United States, from the Gold-Standard Fund for the Purpose of Paying the Principal of the Third Series of Act Numbered One Thousand and Fifty, Act No. 1315 (Phil. 1905)
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