[ Act No. 972, November 03, 1903 ]

AN ACT PROVIDING FOR A LOAN OF SIX THOUSAND PESOS, PHILIPPINE CURRENCY, TO THE PROVINCE OF PARAGUA.

By authority of the United States, be it enacted by the Philippine Commission, that:

SECTION 1. There is hereby appropriated, out of any funds in the Insular Treasury not otherwise appropriated, the sum of six thousand pesos, Philippine currency, to be loaned to the Province of Paragua and to be expended by the provincial, board of that General purposes, province for the general purposes of the provincial government in accordance with the provisions of Act Numbered Four hundred and twenty-two, organizing the Province of Paragua.

SEC. 2. The money appropriated in the first section of this Act shall be paid to the secretary-treasurer of the Province of Paragua upon the production by him to the Treasurer of the Philippine Islands of a certified copy of a resolution of the provincial board of the Province of Paragua accepting such loan and agreeing to repay the money, without interest, on or before the first day of January, nineteen hundred and five.

SEC. 3. 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.

SEC. 4. This Act shall take effect on its passage.

Enacted, November 3, 1903.