An Act Providing for a Loan of Seven Thousand Five Hundred Pesos, Philippine Currency, to the Province of Antique
Act No. 1007, enacted on November 25, 1903, authorizes a loan of seven thousand five hundred pesos to the Province of Antique from the Insular Treasury for general provincial expenses. The loan is to be disbursed to the province's supervisor-treasurer upon receipt of a certified resolution from the provincial board, which must agree to repay the amount without interest by January 1, 1907. The Act emphasizes the urgency of its passage for public good and takes effect immediately upon enactment.
Law Information
- Reference Number
- Act No. 1007
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
November 25, 1903
ACT NO. 1007
AN ACT PROVIDING FOR A LOAN OF SEVEN THOUSAND FIVE HUNDRED PESOS, PHILIPPINE CURRENCY, TO THE PROVINCE OF ANTIQUE
SECTION 1. There is hereby appropriated, out of any funds in the Insular Treasury not otherwise appropriated, the sum of seven thousand five hundred pesos, Philippine currency, to be loaned to the Province of Antique and to be expended by the provincial board of that province for the general expended of the provincial government.
SECTION 2. The money appropriated in the first section of this Act shall be paid to the supervisor-treasurer of the Province of Antique 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 Antique accepting such loan and agreeing to repay the money, without interest, on or before the first day of January, nineteen hundred and seven.
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, November 25, 1903.
Cite This Law
An Act Providing for a Loan of Seven Thousand Five Hundred Pesos, Philippine Currency, to the Province of Antique, Act No. 1007, Nov 25, 1903 (Philippines)
An Act Providing for a Loan of Seven Thousand Five Hundred Pesos, Philippine Currency, to the Province of Antique, Act No. 1007 (Phil. 1903)
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