An Act Providing for a Loan of Twenty Thousand Pesos, Philippine Currency, to the Province of La Laguna
Act No. 1036, enacted on January 7, 1904, authorizes a loan of twenty thousand pesos to the Province of La Laguna from the Insular Treasury for general provincial purposes. The funds will be disbursed upon the provincial treasurer presenting a certified resolution from the provincial board, which must agree to repay the loan without interest by June 30, 1904. The act emphasizes the urgency of the loan for public good, leading to its expedited passage. The law takes effect immediately upon its enactment.
Law Information
- Reference Number
- Act No. 1036
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
January 7, 1904
ACT NO. 1036
AN ACT PROVIDING FOR A LOAN OF TWENTY THOUSAND PESOS, PHILIPPINE CURRENCY, TO THE PROVINCE OF LA LAGUNA
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 Laguna, and to be expended by the provincial board of that province for the general purposes of the provincial government. aScITE
SECTION 2. The moneys appropriated in the first section of this Act shall be paid to the treasurer of the Province of La Laguna 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 Laguna accepting such loan and agreeing to repay the same, without interest, on or before the thirtieth day of June, nineteen hundred and four.
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, January 7, 1904.
Cite This Law
An Act Providing for a Loan of Twenty Thousand Pesos, Philippine Currency, to the Province of La Laguna, Act No. 1036, Jan 7, 1904 (Philippines)
An Act Providing for a Loan of Twenty Thousand Pesos, Philippine Currency, to the Province of La Laguna, Act No. 1036 (Phil. 1904)
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