An Act Authorizing the Provincial Board of Albay to Loan Provincial Funds to Certain Municipalities of that Province
Act No. 748, enacted on May 16, 1903, authorizes the Provincial Board of Albay to loan $2,000 to each of seven municipalities in need. These loans, which are interest-free, must be used exclusively for highway construction and temporary employment for the poor, supervised by the provincial supervisor. The municipalities are required to repay the loans to the provincial treasury within one year. The Act emphasizes the urgency of addressing public needs, facilitating its expedited passage.
Law Information
- Reference Number
- Act No. 748
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
May 16, 1903
ACT NO. 748
AN ACT AUTHORIZING THE PROVINCIAL BOARD OF ALBAY TO LOAN PROVINCIAL FUNDS TO CERTAIN MUNICIPALITIES OF THAT PROVINCE
SECTION 1. The provincial board of the Province of Albay, is hereby authorized to loan two thousand dollars, local currency, to each of seven municipalities in that province, the inhabitants of which are in need of assistance. The loans made by the provincial board of Albay under this Act to said municipalities shall be used by the municipalities solely for the construction of highways coming under their jurisdiction and to give temporary employment to the poor, such work to be done under the supervision of the provincial supervisor. The loans by this Act authorized shall be without interest and shall be paid by the municipalities into the provincial treasury within one year from the date of the making of such loans.
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, May 16, 1903.
Cite This Law
An Act Authorizing the Provincial Board of Albay to Loan Provincial Funds to Certain Municipalities of that Province, Act No. 748, May 16, 1903 (Philippines)
An Act Authorizing the Provincial Board of Albay to Loan Provincial Funds to Certain Municipalities of that Province, Act No. 748 (Phil. 1903)
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