An Act Making Further Appropriation of One Million Dollars, in Money of the United States, for the Purchase of Bullion with which to Coin Silver Philippine Pesos
Act No. 822, enacted on August 4, 1903, appropriates one million U.S. dollars from the Insular Treasury for the purchase of bullion to coin silver Philippine pesos. The funds are designated not only for bullion acquisition but also for related expenses such as coinage, transportation, insurance, and circulation. The act emphasizes the urgency for quick passage to serve the public good, and it becomes effective immediately upon its approval. This legislation follows an earlier act aimed at establishing a coinage system in the Philippines.
Law Information
- Reference Number
- Act No. 822
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
August 4, 1903
ACT NO. 822
AN ACT MAKING FURTHER APPROPRIATION OF ONE MILLION DOLLARS, IN MONEY OF THE UNITED STATES, FOR THE PURCHASE OF BULLION WITH WHICH TO COIN SILVER PHILIPPINE PESOS
SECTION 1. There is hereby appropriated, out of any funds in the Insular Treasury not otherwise appropriated, the sum of one million dollars, in money of the United States, for the purpose of purchasing additional bullion with which to coin silver Philippine pesos provided by the Act of Congress entitled "An Act to establish a standard of value and providing for a coinage system in the Philippine Islands," approved March second, nineteen hundred and three.
SECTION 2. The money herein appropriated shall be available not only for the purchase of bullion but for all of the expenses connected with its coinage, transportation, insurance, and circulation.
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, August 4, 1903.
Cite This Law
An Act Making Further Appropriation of One Million Dollars, in Money of the United States, for the Purchase of Bullion with which to Coin Silver Philippine Pesos, Act No. 822, Aug 4, 1903 (Philippines)
An Act Making Further Appropriation of One Million Dollars, in Money of the United States, for the Purchase of Bullion with which to Coin Silver Philippine Pesos, Act No. 822 (Phil. 1903)
Related Laws
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