An Act to Amend Section Two of Act Numbered Thirty-One Hundred and Sixteen, as Amended, Entitled "An Act to Authorize the Governor-General to Purchase on Behalf of the Government of the Philippine Islands, Seventy Thousand Shares of the Capital Stock of the Manila Railroad Company of the Philippine Islands, and to Provide Funds for Paying the Priceo Said Shares"
Commonwealth Act No. 314, approved on June 9, 1938, amends a previous law to authorize the Governor-General to procure 70,000 shares of the Manila Railroad Company. The funds from this purchase must be allocated for constructing railroad lines and acquiring necessary rolling stock, particularly focusing on specific routes in Luzon. Additionally, the Act allows for the construction or acquisition of hotels and rest-houses at various locations throughout the Philippines. The law takes effect immediately upon approval.
Law Information
- Reference Number
- Commonwealth Act No. 314
- Date Enacted
- Category
- Statutes
- Subcategory
- Commonwealth Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 9, 1938
COMMONWEALTH ACT NO. 314
AN ACT TO AMEND SECTION TWO OF ACT NUMBERED THIRTY-ONE HUNDRED AND SIXTEEN, AS AMENDED, ENTITLED "AN ACT TO AUTHORIZE THE GOVERNOR-GENERAL TO PURCHASE ON BEHALF OF THE GOVERNMENT OF THE PHILIPPINE ISLANDS, SEVENTY THOUSAND SHARES OF THE CAPITAL STOCK OF THE MANILA RAILROAD COMPANY OF THE PHILIPPINE ISLANDS, AND TO PROVIDE FUNDS FOR PAYING THE PRICE OF SAID SHARES"
SECTION 1. Section two of Act Numbered Thirty-one hundred and sixteen is amended so as to read as follows:
"SEC. 2. The Manila Railroad Company of the Philippines shall expend these funds for the construction of railroad lines and the purchase of the necessary rolling stock equipment therefor, and especially for the completion of the lines between Aloneros, Tayabas, and Pamplona, Camarines Sur; between Bauang Sur and San Fernando, La Union; between San Quintin and Tayug, Pangasinan; and between Tarlac, Tarlac, and San Jose, Nueva Ecija, and for the construction or acquisition of hotels and rest-houses at various points in the Philippines."
SECTION 2. This Act shall take effect upon its approval.
Approved, June 9, 1938.
Cite This Law
An Act to Amend Section Two of Act Numbered Thirty-One Hundred and Sixteen, as Amended, Entitled "An Act to Authorize the Governor-General to Purchase on Behalf of the Government of the Philippine Islands, Seventy Thousand Shares of the Capital Stock of the Manila Railroad Company of the Philippine Islands, and to Provide Funds for Paying the Priceo Said Shares", Commonwealth Act No. 314, Jun 9, 1938 (Philippines)
An Act to Amend Section Two of Act Numbered Thirty-One Hundred and Sixteen, as Amended, Entitled "An Act to Authorize the Governor-General to Purchase on Behalf of the Government of the Philippine Islands, Seventy Thousand Shares of the Capital Stock of the Manila Railroad Company of the Philippine Islands, and to Provide Funds for Paying the Priceo Said Shares", Commonwealth Act No. 314 (Phil. 1938)
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