An Act Providing for the Filing, with the Division of Archives, Patents, Copyrights, and Trade-Marks of the Executive Bureau, of the First Mortgage and Contract of Guaranty, Dated may First, Nineteen Hundred and Seven, Executed by the Philippine Railway Company with the Government of the Philippine Islands and the Bankers' Trust Company, Trustee, Creating and Fixing upon the Property Covered By Said Instrument a Lien at and from the Time of Filing the Same, and Exempting Said Instrument from the Payment of Stamp Taxes
Act No. 1710, enacted on September 3, 1907, mandates the filing of a first mortgage and contract of guaranty executed by the Philippine Railway Company with the Philippine government and the Bankers' Trust Company. This filing creates a lien on the covered property, which takes precedence over other liens, except for lawful tax-related liens. The act exempts this instrument from stamp taxes and outlines the filing process, including a fee of twenty-five pesos. Additionally, certified copies of the instrument are given the same legal effect as the original, and the act was expedited for immediate effect upon passage.
Quick Answers
- What is An Act Providing for the Filing, with the Division of Archives, Patents, Copyrights, and Trade-Marks of the Executive Bureau, of the First Mortgage and Contract of Guaranty, Dated may First, Nineteen Hundred and Seven, Executed by the Philippine Railway Company with the Government of the Philippine Islands and the Bankers' Trust Company, Trustee, Creating and Fixing upon the Property Covered By Said Instrument a Lien at and from the Time of Filing the Same, and Exempting Said Instrument from the Payment of Stamp Taxes about?
- Act No. 1710, enacted on September 3, 1907, mandates the filing of a first mortgage and contract of guaranty executed by the Philippine Railway Company with the Philippine government and the Bankers' Trust Company. This filing creates a lien on the covered property, which takes precedence over other liens, except for lawful tax-related liens. The act exempts this instrument from stamp taxes and outlines the filing process, including a fee of twenty-five pesos. Additionally, certified copies of the instrument are given the same legal effect as the original, and the act was expedited for immediate effect upon passage.
- What type of law is Act No. 1710?
- An Act Providing for the Filing, with the Division of Archives, Patents, Copyrights, and Trade-Marks of the Executive Bureau, of the First Mortgage and Contract of Guaranty, Dated may First, Nineteen Hundred and Seven, Executed by the Philippine Railway Company with the Government of the Philippine Islands and the Bankers' Trust Company, Trustee, Creating and Fixing upon the Property Covered By Said Instrument a Lien at and from the Time of Filing the Same, and Exempting Said Instrument from the Payment of Stamp Taxes (Act No. 1710) is a Philippine Statutes enacted by the Congress of the Philippines.
- When was An Act Providing for the Filing, with the Division of Archives, Patents, Copyrights, and Trade-Marks of the Executive Bureau, of the First Mortgage and Contract of Guaranty, Dated may First, Nineteen Hundred and Seven, Executed by the Philippine Railway Company with the Government of the Philippine Islands and the Bankers' Trust Company, Trustee, Creating and Fixing upon the Property Covered By Said Instrument a Lien at and from the Time of Filing the Same, and Exempting Said Instrument from the Payment of Stamp Taxes enacted?
- An Act Providing for the Filing, with the Division of Archives, Patents, Copyrights, and Trade-Marks of the Executive Bureau, of the First Mortgage and Contract of Guaranty, Dated may First, Nineteen Hundred and Seven, Executed by the Philippine Railway Company with the Government of the Philippine Islands and the Bankers' Trust Company, Trustee, Creating and Fixing upon the Property Covered By Said Instrument a Lien at and from the Time of Filing the Same, and Exempting Said Instrument from the Payment of Stamp Taxes (Act No. 1710) was enacted on Sep 3, 1907.
- What is the citation for An Act Providing for the Filing, with the Division of Archives, Patents, Copyrights, and Trade-Marks of the Executive Bureau, of the First Mortgage and Contract of Guaranty, Dated may First, Nineteen Hundred and Seven, Executed by the Philippine Railway Company with the Government of the Philippine Islands and the Bankers' Trust Company, Trustee, Creating and Fixing upon the Property Covered By Said Instrument a Lien at and from the Time of Filing the Same, and Exempting Said Instrument from the Payment of Stamp Taxes?
- An Act Providing for the Filing, with the Division of Archives, Patents, Copyrights, and Trade-Marks of the Executive Bureau, of the First Mortgage and Contract of Guaranty, Dated may First, Nineteen Hundred and Seven, Executed by the Philippine Railway Company with the Government of the Philippine Islands and the Bankers' Trust Company, Trustee, Creating and Fixing upon the Property Covered By Said Instrument a Lien at and from the Time of Filing the Same, and Exempting Said Instrument from the Payment of Stamp Taxes, Act No. 1710, Sep 3, 1907 (Philippines)
Law Information
- Reference Number
- Act No. 1710
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
September 3, 1907
ACT NO. 1710
AN ACT PROVIDING FOR THE FILING, WITH THE DIVISION OF ARCHIVES, PATENTS, COPYRIGHTS, AND TRADE-MARKS OF THE EXECUTIVE BUREAU, OF THE FIRST MORTGAGE AND CONTRACT OF GUARANTY, DATED MAY FIRST, NINETEEN HUNDRED AND SEVEN, EXECUTED BY THE PHILIPPINE RAILWAY COMPANY WITH THE GOVERNMENT OF THE PHILIPPINE ISLANDS AND THE BANKERS' TRUST COMPANY, TRUSTEE, CREATING AND FIXING UPON THE PROPERTY COVERED BY SAID INSTRUMENT A LIEN AT AND FROM THE TIME OF FILING THE SAME, AND EXEMPTING SAID INSTRUMENT FROM THE PAYMENT OF STAMP TAXES
SECTION 1. The first mortgage and contract of guaranty, dated May first, nineteen hundred and seven, executed by the Philippine Railway Company with the Government of the Philippine Islands and the Bankers' Trust Company, trustee, shall become a lien upon all of the property covered by the said instrument at and from the time the said instrument shall have been filed with the division of archives, patents, copyrights, and trade-marks of the Executive Bureau, which said lien shall be prior to and take precedence of any and all liens and encumbrances which may thereafter arise against the said property, except such liens as arise from the imposition of lawful taxes, fines, and assessments upon the same; and any subsequent conveyance of the said property, or any part thereof, or any interest therein, shall be subject to the aforesaid lien.
SECTION 2. Nothing in this Act contained shall be construed as depriving the grantees or beneficiaries under said instrument of any right or lien in connection therewith which exists by law independent of this Act.
SECTION 3. The chief of the division of archives, patents, copyrights, and trademarks of the Executive Bureau shall, upon the filing of the instrument provided for in this Act, indorse thereon the date and hour when the same was filed, with his official signature thereto, and the said indorsement shall be prima facie evidence of the date and hour when the instrument was filed for record.
SECTION 4. The said instrument shall be preserved and indexed in the same manner as the papers and documents of corporations filed with the division of archives, patents, copyrights, and trade-marks under the provisions of Act Numbered Fourteen hundred and fifty-nine and amendments thereto.
SECTION 5. The chief of the division of archives, patents, copyrights, and trademarks shall collect for the filing of the instrument provided for in this Act the sum of twenty-five pesos.
SECTION 6. The said instrument is hereby exempted from the payment of the stamp taxes provided by section one hundred and sixteen of Act Numbered Eleven hundred and eighty-nine, as amended. aDSIHc
SECTION 7. A copy of the said instrument, certified by the chief of the division of archives, patents, copyrights, and trade-marks of the Executive Bureau, shall be of and have the same legal effect as the original.
SECTION 8. 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 9. This Act shall take effect on its passage.
ENACTED, September 3, 1907.
Cite This Law
An Act Providing for the Filing, with the Division of Archives, Patents, Copyrights, and Trade-Marks of the Executive Bureau, of the First Mortgage and Contract of Guaranty, Dated may First, Nineteen Hundred and Seven, Executed by the Philippine Railway Company with the Government of the Philippine Islands and the Bankers' Trust Company, Trustee, Creating and Fixing upon the Property Covered By Said Instrument a Lien at and from the Time of Filing the Same, and Exempting Said Instrument from the Payment of Stamp Taxes, Act No. 1710, Sep 3, 1907 (Philippines)
An Act Providing for the Filing, with the Division of Archives, Patents, Copyrights, and Trade-Marks of the Executive Bureau, of the First Mortgage and Contract of Guaranty, Dated may First, Nineteen Hundred and Seven, Executed by the Philippine Railway Company with the Government of the Philippine Islands and the Bankers' Trust Company, Trustee, Creating and Fixing upon the Property Covered By Said Instrument a Lien at and from the Time of Filing the Same, and Exempting Said Instrument from the Payment of Stamp Taxes, Act No. 1710 (Phil. 1907)
Related Laws
- An Act Providing for the Filing, with the Division of Archives, Patents, Copyrights, and Trade-Marks of the Executive Bureau, of the First Deed of Mortgage, Trust or Guaranty, Dated the Nineteenth Day of May, Nineteen Hundred and Nine, Executed by the Manila Railroad Company in Favor of the Government of the Philippine Islands, and of the Farmers' Loan and Trust Company of New York, as Trustees, Creating Upon the Property Mentioned in Said Instrument a Lien from the Date of its Filing, Modifying the Provisions of Act Numbered Eighteen Hundred and Twelve, in Regard to the Lien of the Mortgages Filed heretofore, and Exempting Said Instruments from the Payment of Stamp Taxes, and the Filing of the Subordinating AgreementAct No. 1977 • Apr 19, 1910 • Statutes
- Providing for the Filing with the Division of Archives, Patents, Copyrights and Trade-Marks of the Executive BureauAct No. 1812 • Mar 18, 1908 • Statutes
- Applicability to Part of Philippine Islands Inhabited by Non-Christian Tribes Certain Acts of 2nd Philippine LegislatureAct No. 1993 • Jun 8, 1910 • Statutes
- An Act Amending Act Numbered Fourteen Hundred and Fifty-Nine, Entitled "The Corporation Law," as Amended, by Exempting Certain Corporations Operating under Special Franchises Granted by the Philippine Commission from Compliance with the Provisions of Certain Sections of Said LawAct No. 1659 • May 18, 1907 • Statutes
- An Act Granting the Manila Railroad Company Certain Additional Concessions for Railroad Lines in the Island of Luzon and Guaranteeing Interest on the First Mortgage Bonds of Said Lines and of Certain Lines Already Authorized by Act Numbered Fifteen Hundred and Ten, and for Other PurposesAct No. 1905 • May 19, 1909 • Statutes
- Authorizing the Governor-General to Execute a Certain MOA with the Manila Railroad Company and the Manila Railway Company (1906), Ltd.Act No. 2574 • Feb 4, 1916 • Statutes
Browse More Statutes
Explore other laws in the Statutes category.
View All StatutesNeed Help Understanding This Law?
Ask our AI assistant to explain provisions, implications, or related laws.
Ask AI About This Law