An Act Providing for a Loan of Twenty Thousand Pesos, Philippine Currency, to the Province of La Union

November 9, 1903

ACT NO. 988

AN ACT PROVIDING FOR A LOAN OF TWENTY THOUSAND PESOS, PHILIPPINE CURRENCY, TO THE PROVINCE OF LA UNION

SECTION 1. There is hereby appropriated, out of any funds in the Insular Treasury not otherwise appropriated, the sum of twenty thousand pesos, Philippine currency, to be loaned to the Province of La Union, and to be expended by the provincial board of that province for the general expenses of the provincial government.

SECTION 2. The money appropriated in the first section of this Act shall be paid to the treasurer of the Province of La Union 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 La Union accepting such loan. The money shall be repaid, without interest, on or before January first, 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, November 9, 1903.