Act No. 2650 — An Act Authorizing the Investment of the Immunized Cattle Insurance Fund Established by Act Numbered Twenty-Five Hundred and Forty-Eight.

Act No. 2650 · Act · Approved February 24, 1916 · 2 sections

Data as of July 4, 2026 · Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗

Section 1

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

SEC. 2. This Act shall take effect on its passage. Enacted, February 24, 1916.

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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