An Act Authorizing a Loan of Twenty-Five Thousand Dollars, in Local Currency, to the Province of Samar for the Purpose of Enabling that Province to Construct Roads and Give Employment to Needy Persons
Act No. 564, enacted on December 22, 1902, authorizes the Province of Samar to borrow $25,000 in local currency from the Insular Government. The funds are designated for road construction to provide employment for needy residents, with the requirement that the loan is repaid without interest within two years. The provincial board will oversee the expenditure of the funds, ensuring they are used solely for the stated purpose. Additionally, the Act stipulates the immediate need for this legislation, allowing for expedited passage. The Act takes effect upon its approval.
Law Information
- Reference Number
- Act No. 564
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
December 22, 1902
ACT NO. 564
AN ACT AUTHORIZING A LOAN OF TWENTY-FIVE THOUSAND DOLLARS, IN LOCAL CURRENCY, TO THE PROVINCE OF SAMAR FOR THE PURPOSE OF ENABLING THAT PROVINCE TO CONSTRUCT ROADS AND GIVE EMPLOYMENT TO NEEDY PERSONS
SECTION 1. The provincial board of the Province of Samar is hereby authorized to borrow, by resolution, from the Insular Government the sum of twenty-five thousand dollars, in local currency, to be expended under the supervision of the provincial board upon the construction of needed roads in that part of the province in which the employment given by such construction and the wages paid for the work thereunder will relieve the necessities of the people. The amount borrowed hereunder shall be expended for no other purpose than that stated herein. The sum thus borrowed shall be returned to the Insular Treasury, without interest, within two years from the date of the loan. The amount loaned shall be paid to the provincial treasurer and receipted for by him and shall be by him disbursed upon orders of the provincial board as in other cases.
SECTION 2. There is hereby appropriated out of any funds of the Insular Treasury not otherwise appropriated the sum of twenty-five thousand dollars, in local currency, to comply with the provisions of this Act.
SECTION 3. 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 4. This Act shall take effect on its passage.
ENACTED, December 22, 1902.
Cite This Law
An Act Authorizing a Loan of Twenty-Five Thousand Dollars, in Local Currency, to the Province of Samar for the Purpose of Enabling that Province to Construct Roads and Give Employment to Needy Persons, Act No. 564, Dec 22, 1902 (Philippines)
An Act Authorizing a Loan of Twenty-Five Thousand Dollars, in Local Currency, to the Province of Samar for the Purpose of Enabling that Province to Construct Roads and Give Employment to Needy Persons, Act No. 564 (Phil. 1902)
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