An Act Providing for a Loan of P4,000, Philippine Currency, to the Province of Paragua
Act No. 1122, enacted on April 27, 1904, authorizes a loan of four thousand pesos from the Insular Treasury to the Province of Paragua. The funds are to be used for general provincial government purposes and must be repaid without interest by May 1, 1905, upon the provincial board's acceptance of the loan. The act emphasizes the urgency of the loan for public good, allowing for expedited passage. It takes effect immediately upon enactment.
Law Information
- Reference Number
- Act No. 1122
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
April 27, 1904
ACT NO. 1122
AN ACT PROVIDING FOR A LOAN OF FOUR THOUSAND PESOS, PHILIPPINE CURRENCY, TO THE PROVINCE OF PARAGUA
SECTION 1. There is hereby appropriated, out of any funds in the Insular Treasury not otherwise appropriated, the sum of four thousand pesos, Philippine currency, to be loaned to the Province of Paragua, and to be expended by the provincial board of that province for the general purposes of the provincial government in accordance with the provisions of Act Numbered Four hundred and twenty-two, organizing the Province of Paragua.
SECTION 2. The money appropriated in the first section of this Act shall be paid to the secretary-treasurer of the Province of Paragua upon the production by him to the Treasurer of the Philippine Islands of a certified copy of a resolution of the provincial board of the Province of Paragua accepting such loan and agreeing to repay the money, without interest, on or before the first day of May, nineteen hundred and five.
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, April 27, 1904.
Cite This Law
An Act Providing for a Loan of P4,000, Philippine Currency, to the Province of Paragua, Act No. 1122, Apr 27, 1904 (Philippines)
An Act Providing for a Loan of P4,000, Philippine Currency, to the Province of Paragua, Act No. 1122 (Phil. 1904)
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