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.
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Republic Act
AN ACT AUTHORIZING THE INVESTMENT OF THE IMMUNIZED CATTLE INSURANCE FUND ESTABLISHED BY ACT NUMBERED TWENTY-FIVE HUNDRED AND FORTY-EIGHT.
Section 1
Section 2
SEC. 2. This Act shall take effect on its passage.
Enacted, February 24, 1916.
2 sections
Cite this law
AN ACT AUTHORIZING THE INVESTMENT OF THE IMMUNIZED CATTLE INSURANCE FUND ESTABLISHED BY ACT NUMBERED TWENTY-FIVE HUNDRED AND FORTY-EIGHT. (Official Gazette). Retrieved via LawPlayer, https://lawplayer.com/ph/act/act-2650
Source: Official Gazette of the Republic of the Philippines — Philippine laws are public documents (works of the government).
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