Authorizing the Loan of 2,500 Dollars, in Local Currency, to the Province of Marinduque, for the Benefit of the Island of Mindoro
Act No. 473, enacted on October 6, 1902, authorizes the Treasurer of the Philippine Archipelago to loan the Province of Marinduque the equivalent of $2,500 in local currency for the benefit of the Island of Mindoro. The loan, drawn from the Insular Treasury, is to be used for general provincial government purposes and must be repaid by December 31, 1903, without interest. Repayment will be a special charge on the revenues of Marinduque, specifically from the portion annexed by a previous act. The passage of this act was expedited due to the public good and took effect immediately upon enactment.
Quick Answers
- What is Authorizing the Loan of 2,500 Dollars, in Local Currency, to the Province of Marinduque, for the Benefit of the Island of Mindoro about?
- Act No. 473, enacted on October 6, 1902, authorizes the Treasurer of the Philippine Archipelago to loan the Province of Marinduque the equivalent of $2,500 in local currency for the benefit of the Island of Mindoro. The loan, drawn from the Insular Treasury, is to be used for general provincial government purposes and must be repaid by December 31, 1903, without interest. Repayment will be a special charge on the revenues of Marinduque, specifically from the portion annexed by a previous act. The passage of this act was expedited due to the public good and took effect immediately upon enactment.
- What type of law is Act No. 473?
- Authorizing the Loan of 2,500 Dollars, in Local Currency, to the Province of Marinduque, for the Benefit of the Island of Mindoro (Act No. 473) is a Philippine Statutes enacted by the Congress of the Philippines.
- When was Authorizing the Loan of 2,500 Dollars, in Local Currency, to the Province of Marinduque, for the Benefit of the Island of Mindoro enacted?
- Authorizing the Loan of 2,500 Dollars, in Local Currency, to the Province of Marinduque, for the Benefit of the Island of Mindoro (Act No. 473) was enacted on Oct 6, 1902.
- What is the citation for Authorizing the Loan of 2,500 Dollars, in Local Currency, to the Province of Marinduque, for the Benefit of the Island of Mindoro?
- Authorizing the Loan of 2,500 Dollars, in Local Currency, to the Province of Marinduque, for the Benefit of the Island of Mindoro, Act No. 473, Oct 6, 1902 (Philippines)
Law Information
- Reference Number
- Act No. 473
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
October 6, 1902
ACT NO. 473
AN ACT AUTHORIZING THE LOAN OF THE EQUIVALENT IN LOCAL CURRENCY, AT THE AUTHORIZED RATIO, OF TWO THOUSAND FIVE HUNDRED DOLLARS, IN MONEY OF THE UNITED STATES, TO THE PROVINCE OF MARINDUQUE OUT OF THE TREASURY OF THE PHILIPPINE ARCHIPELAGO, FOR THE BENEFIT OF THE ISLAND OF MINDORO
SECTION 1. The Treasurer of the Philippine Archipelago is hereby authorized to loan to the Province of Marinduque, for the benefit of the Island of Mindoro, out of any funds in the Insular Treasury not otherwise appropriated, the equivalent in local currency, at the authorized ratio, of two thousand five hundred dollars, in money of the United States, and the same is hereby appropriated, to be expended by the provincial board of the province for the general purposes of the provincial government of the Island of Mindoro, in said province, as established by Act Numbered Four hundred and twenty-three. The sum thus borrowed shall be returned to the Insular Treasury from the treasury of the Province of Marinduque on or before the thirty-first day of December, nineteen hundred and three, without interest. The repayment of the sum so loaned shall be a special charge upon the revenues of the Province of Marinduque accruing from that portion thereof which was annexed to said province by Act Numbered Four hundred and twenty-three. This loan is made in pursuance of a resolution adopted by the provincial board of the Island of Mindoro, in the Province of Marinduque, on the twenty-fifth day of August, nineteen hundred and two.
SECTION 2. 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 3. This Act shall take effect on its passage.
ENACTED, October 6, 1902.
Cite This Law
Authorizing the Loan of 2,500 Dollars, in Local Currency, to the Province of Marinduque, for the Benefit of the Island of Mindoro, Act No. 473, Oct 6, 1902 (Philippines)
Authorizing the Loan of 2,500 Dollars, in Local Currency, to the Province of Marinduque, for the Benefit of the Island of Mindoro, Act No. 473 (Phil. 1902)
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