Appropriating Such Sum Or Sums, in Money of the United States, for the Payment of Interest Upon Bonds to be Issued by Act No. 2615
Act No. 2624, enacted on February 4, 1916, appropriates funds from the Insular Treasury to cover the interest payments on bonds authorized by Act No. 2615. It ensures that necessary sums are available in U.S. currency to fulfill these financial obligations as they arise. The Act emphasizes the importance of timely payment of interest to maintain financial stability. It takes effect immediately upon passage.
Law Information
- Reference Number
- Act No. 2624
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
February 4, 1916
ACT NO. 2624
AN ACT APPROPRIATING SUCH SUM OR SUMS AS MAY BE NECESSARY, IN MONEY OF THE UNITED STATES, FOR THE PAYMENT OF INTEREST AS IT MAY BECOME DUE UPON THE BONDS AUTHORIZED TO BE ISSUED BY ACT NUMBERED TWENTY-SIX HUNDRED AND FIFTEEN
SECTION 1. There is hereby appropriated from any funds not otherwise appropriated in the Insular Treasury such sum or sums as may be necessary, in money of the United States, for the purpose of paying the interest when and as due upon such bonds as may be issued in accordance with the provisions of Act Numbered Twenty-six hundred and fifteen.
SECTION 2. This Act shall take effect upon its passage.
Enacted, February 4, 1916.
Cite This Law
Appropriating Such Sum Or Sums, in Money of the United States, for the Payment of Interest Upon Bonds to be Issued by Act No. 2615, Act No. 2624, Feb 4, 1916 (Philippines)
Appropriating Such Sum Or Sums, in Money of the United States, for the Payment of Interest Upon Bonds to be Issued by Act No. 2615, Act No. 2624 (Phil. 1916)
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