An Act Authorizing the Loan of Fifty Thousand Dollars, in Local Currency, to the Province of Cavite, for the Purpose of Enabling that Province to Construct Roads and Give Employment to Needy Persons, and Appropriating the Necessary Amount therefor
Act No. 381, enacted on April 2, 1902, authorizes the Province of Cavite to borrow fifty thousand dollars in local currency from the Insular Government to construct roads and provide employment for needy individuals. The provincial board must oversee the loan's expenditure, ensuring it is used solely for road construction aimed at alleviating local poverty. The loan will be repaid in five annual installments, starting two years after the resolution's passage, and will be interest-free. Additionally, the Act appropriates the necessary funds from the Insular Treasury to facilitate this loan.
Quick Answers
- What is An Act Authorizing the Loan of Fifty Thousand Dollars, in Local Currency, to the Province of Cavite, for the Purpose of Enabling that Province to Construct Roads and Give Employment to Needy Persons, and Appropriating the Necessary Amount therefor about?
- Act No. 381, enacted on April 2, 1902, authorizes the Province of Cavite to borrow fifty thousand dollars in local currency from the Insular Government to construct roads and provide employment for needy individuals. The provincial board must oversee the loan's expenditure, ensuring it is used solely for road construction aimed at alleviating local poverty. The loan will be repaid in five annual installments, starting two years after the resolution's passage, and will be interest-free. Additionally, the Act appropriates the necessary funds from the Insular Treasury to facilitate this loan.
- What type of law is Act No. 381?
- An Act Authorizing the Loan of Fifty Thousand Dollars, in Local Currency, to the Province of Cavite, for the Purpose of Enabling that Province to Construct Roads and Give Employment to Needy Persons, and Appropriating the Necessary Amount therefor (Act No. 381) is a Philippine Statutes enacted by the Congress of the Philippines.
- When was An Act Authorizing the Loan of Fifty Thousand Dollars, in Local Currency, to the Province of Cavite, for the Purpose of Enabling that Province to Construct Roads and Give Employment to Needy Persons, and Appropriating the Necessary Amount therefor enacted?
- An Act Authorizing the Loan of Fifty Thousand Dollars, in Local Currency, to the Province of Cavite, for the Purpose of Enabling that Province to Construct Roads and Give Employment to Needy Persons, and Appropriating the Necessary Amount therefor (Act No. 381) was enacted on Apr 2, 1902.
- What is the citation for An Act Authorizing the Loan of Fifty Thousand Dollars, in Local Currency, to the Province of Cavite, for the Purpose of Enabling that Province to Construct Roads and Give Employment to Needy Persons, and Appropriating the Necessary Amount therefor?
- An Act Authorizing the Loan of Fifty Thousand Dollars, in Local Currency, to the Province of Cavite, for the Purpose of Enabling that Province to Construct Roads and Give Employment to Needy Persons, and Appropriating the Necessary Amount therefor, Act No. 381, Apr 2, 1902 (Philippines)
Law Information
- Reference Number
- Act No. 381
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
April 2, 1902
ACT NO. 381
AN ACT AUTHORIZING THE LOAN OF FIFTY THOUSAND DOLLARS, IN LOCAL CURRENCY, TO THE PROVINCE OF CAVITE, FOR THE PURPOSE OF ENABLING THAT PROVINCE TO CONSTRUCT ROADS AND GIVE EMPLOYMENT TO NEEDY PERSONS, AND APPROPRIATING THE NECESSARY AMOUNT THEREFOR
SECTION 1. The provincial board of the Province of Cavite is hereby authorized to borrow, by resolution, from the Insular Government, the sum of fifty thousand dollars, in local currency, or any part thereof, to be expended under the supervision of the provincial board by the provincial supervisor, 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 by the provincial board in yearly installments of one-fifth of the total amount, the first installment to be due two years from the date of the passage of the resolution herein authorized by the provincial board. This loan shall be without interest.
SECTION 2. Such loan shall be made to the province to the amount of fifty thousand dollars in local currency, or any less amount, to be fixed in the resolution of acceptance by the board of the province, upon receipt of the resolution of the provincial board, which shall be accompanied by a general plan and estimate of the provincial supervisor for the work to be performed, showing the towns between which the roads are to be constructed, the character of the roads, and the extent thereof. 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 3. There is hereby appropriated, out of any funds in the Insular Treasury not otherwise appropriated, the sum of fifty thousand dollars, in local currency, to comply with the provisions of this Act.
SECTION 4. 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 5. This Act shall take effect on its passage.
ENACTED, April 2, 1902.
Cite This Law
An Act Authorizing the Loan of Fifty Thousand Dollars, in Local Currency, to the Province of Cavite, for the Purpose of Enabling that Province to Construct Roads and Give Employment to Needy Persons, and Appropriating the Necessary Amount therefor, Act No. 381, Apr 2, 1902 (Philippines)
An Act Authorizing the Loan of Fifty Thousand Dollars, in Local Currency, to the Province of Cavite, for the Purpose of Enabling that Province to Construct Roads and Give Employment to Needy Persons, and Appropriating the Necessary Amount therefor, Act No. 381 (Phil. 1902)
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