Authorizing the Investment of the Immunized Cattle Insurance Fund Established by Act No. 2548
Act No. 2650, enacted on February 24, 1916, authorizes the investment of the Immunized Cattle Insurance Fund, established by a previous act. The Insular Treasurer, with the Governor-General's approval, can invest the fund in various loans and securities permitted by existing laws, similar to those for the Postal Savings Bank. The Governor-General is responsible for setting the interest rates for these loans. This act takes effect immediately upon passage.
Law Information
- Reference Number
- Act No. 2650
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
February 24, 1916
ACT NO. 2650
AN ACT AUTHORIZING THE INVESTMENT OF THE IMMUNIZED CATTLE INSURANCE FUND ESTABLISHED BY ACT NUMBERED TWENTY-FIVE HUNDRED AND FORTY-EIGHT
SECTION 1. The immunized cattle insurance fund established by Act Numbered Twenty-five hundred and forty-eight is hereby made available for investment by the Insular Treasurer, with the approval of the Governor-General, in such loans and securities as are authorized by existing laws for the investment of deposits in the Postal Savings Bank, or for the investment of the insurance fund, created by Act Numbered Seventeen hundred and twenty-eight, as amended: Provided, That the rates of interest on all loans made by authority of this section shall be fixed by the Governor-General.
SECTION 2. This Act shall take effect on its passage.
Enacted, February 24, 1916.
Cite This Law
Authorizing the Investment of the Immunized Cattle Insurance Fund Established by Act No. 2548, Act No. 2650, Feb 24, 1916 (Philippines)
Authorizing the Investment of the Immunized Cattle Insurance Fund Established by Act No. 2548, Act No. 2650 (Phil. 1916)
Related Laws
- Providing for the Immunization of Cattle and Carabaos to Prevent Rinderpest within the Philippine IslandsAct No. 2548 • Jan 17, 1916 • Statutes
- Mutual Insurance of Work AnimalsAct No. 2573 • Feb 4, 1916 • Statutes
- Appropriating the Sum of P250,000 for the Purposes of Act No. 2548Act No. 2679 • Mar 9, 1917 • Statutes
- An Act to Provide for the Liquidation of the Teachers' Retirement and Disability Fund Established by Act No. 3050, as AmendedCommonwealth Act No. 187 • Nov 14, 1936 • Statutes
- Making Applicable to that Part of the Philippine Islands Inhabited by Moros or Other Non-Christian People Certain Acts of the Philippine LegislatureAct No. 2662 • Mar 27, 1916 • Statutes
- Appropriating Funds for the Immunization of Cattle and Carabaos by Virtue of the Provisions of Act No. 2548Act No. 2651 • Feb 24, 1916 • Statutes
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