Appropriation for the Reimbursement of H. C. Heald for Improvements to Hotel Pines, Baguio
Act No. 2546, enacted on January 10, 1916, appropriates ?16,511.57 from the Insular Treasury to reimburse H. C. Heald for improvements made to Hotel Pines in Baguio, which is owned by the Insular Government. Before disbursing the funds, the Insular Treasurer must require Heald to provide a bond of ?15,000, ensuring the payment of all claims for labor and materials related to the hotel improvements. Additionally, Heald must assign his rights against Hotel Pines, Limited, the lessee, to the Philippine Government for the recovery of payment for the improvements. This act becomes effective immediately upon passage.
Law Information
- Reference Number
- Act No. 2546
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
January 10, 1916
ACT NO. 2546
AN ACT MAKING APPROPRIATION FOR THE REIMBURSEMENT OF H. C. HEALD FOR IMPROVEMENTS TO HOTEL PINES, BAGUIO, UNDER CERTAIN CONDITIONS
SECTION 1. There is hereby appropriated out of any funds in the Insular Treasury not otherwise appropriated, the sum of sixteen thousand five hundred eleven pesos and fifty-seven centavos for the reimbursement of H. C. Heald for expenditures made by him in the improvement of the Hotel Pines in the city of Baguio, Mountain Province, said hotel being the property of the Insular Government.
SECTION 2. The Insular Treasurer, before paying to the said H. C. Heald the sum appropriated for his benefit in the foregoing section, shall require of the said H. C. Heald, the execution of a bond with sufficient sureties in the penal sum of fifteen thousand pesos, conditioned upon the payment by the said H. C. Heald of all claims for labor and material furnished or used by him in the improvement of said The Hotel Pines in the city of Baguio, Mountain Province, and shall likewise require the said H. C. Heald to execute an assignment in favor of the Government of the Philippine Islands of all his rights or claims against the Hotel Pines, Limited, a corporation organized under the laws of the Philippine Islands, and lessee of said The Hotel Pines, for the payment by the Hotel Pines, Limited, of improvements made upon the said hotel property.
SECTION 3. This Act shall take effect on its passage.
Enacted, January 10, 1916. ITAaHc
Cite This Law
Appropriation for the Reimbursement of H. C. Heald for Improvements to Hotel Pines, Baguio, Act No. 2546, Jan 10, 1916 (Philippines)
Appropriation for the Reimbursement of H. C. Heald for Improvements to Hotel Pines, Baguio, Act No. 2546 (Phil. 1916)
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