An Act Authorizing the Loan of Seven Thousand and Fifty Dollars, in Local Currency, to the Province of Nueva Ecija
Act No. 427, enacted on July 9, 1902, authorizes the loan of $7,050 in local currency to the Province of Nueva Ecija from the Insular Treasury. This loan, requested by the provincial board, is to be repaid by December 31, 1902, and may be used for general provincial government purposes as outlined in the Provincial Government Act. The act emphasizes the urgency of the loan for the public good, enabling expedited legislative procedures. The law takes effect immediately upon its passage.
Law Information
- Reference Number
- Act No. 427
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
July 9, 1902
ACT NO. 427
AN ACT AUTHORIZING THE LOAN OF SEVEN THOUSAND AND FIFTY DOLLARS, IN LOCAL CURRENCY, TO THE PROVINCE OF NUEVA ECIJA
SECTION 1. The Treasurer of the Philippine Archipelago is hereby authorized to loan, out of any funds in the Insular Treasury not otherwise appropriated, the sum of seven thousand and fifty dollars, in local currency, to the Province of Nueva Ecija, in accordance with a resolution adopted by the provincial board of that province on the ninth day of June, nineteen hundred and two, requesting such loan. The money so loaned is to be returned to the Insular Treasury on or before the thirty-first day of December, nineteen hundred and two. The money so loaned may be used by the provincial board of the province for the general purposes of the provincial government in accordance with the provisions of the Provincial Government Act.
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, July 9, 1902.
Cite This Law
An Act Authorizing the Loan of Seven Thousand and Fifty Dollars, in Local Currency, to the Province of Nueva Ecija, Act No. 427, Jul 9, 1902 (Philippines)
An Act Authorizing the Loan of Seven Thousand and Fifty Dollars, in Local Currency, to the Province of Nueva Ecija, Act No. 427 (Phil. 1902)
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