[ Act No. 564, December 22, 1902 ]
AN ACT AUTHORIZING A LOAN OF TWENTY-FIVE THOUSAND DOLLARS IN LOCAL CURRENCY TO THE PROVINCE OF SAMAR FOR THE PURPOSE OF ENABLING THAT PROVINCE TO CONSTRUCT ROADS AND GIVE EMPLOYMENT TO NEDDY PERSONS.
By authority of the United States, be it enacted by the Philippine Commission, that:
SECTION 1. The provincial board of the Province of Samar is hereby authorized to borrow, by resolution, from the Insular Government, the sum of twenty-five thousand dollars in local currency, to be expended under the supervision of the provincial board upon the construction of needed roads in that part of the province in which the employment given by such construction and the wages paid for the work thereunder will relieve the necessities to the people. The amount borrowed hereunder shall be expended for no other purposes than that stated herein, the sum thus borrowed shall be returned to the Insular Treasury, without interest, within two years from the date of the loan. The amount loaned shall be paid to the provincial treasurer and receipted for by him and shall be by him disbursed upon orders of the provincial board as in other cases.
SEC. 2. There is hereby appropriated out of any funds in the Insular Treasury not otherwise appropriated the sum of twenty-five thousand dollars in local currency to comply with the provisions of this Act.
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, December 22, 1902.
SECTION 1. The provincial board of the Province of Samar is hereby authorized to borrow, by resolution, from the Insular Government, the sum of twenty-five thousand dollars in local currency, to be expended under the supervision of the provincial board upon the construction of needed roads in that part of the province in which the employment given by such construction and the wages paid for the work thereunder will relieve the necessities to the people. The amount borrowed hereunder shall be expended for no other purposes than that stated herein, the sum thus borrowed shall be returned to the Insular Treasury, without interest, within two years from the date of the loan. The amount loaned shall be paid to the provincial treasurer and receipted for by him and shall be by him disbursed upon orders of the provincial board as in other cases.
SEC. 2. There is hereby appropriated out of any funds in the Insular Treasury not otherwise appropriated the sum of twenty-five thousand dollars in local currency to comply with the provisions of this Act.
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, December 22, 1902.