SECTION 1. There is hereby appropriated, out of any funds in the Insular Treasury not otherwise appropriated, the sum of seven thousand five hundred dollars, United States currency, or its equivalent in Philippine currency, in the discretion of the Insular Treasurer, to be loaned to the Province of Nueva Ecija.
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AN ACT PROVIDING FOR A LOAN OF SEVEN THOUSAND FIVE HUNDRED DOLLARS, UNITED STATES CURRENCY, TO THE PROVINCE OF NUEVA ECIJA FOR THE CONSTRUCTION OF BUILDINGS FOR A SCHOOL OF SECONDARY INSTRUCTION AND DORMITORIES AT SAN ISIDRO.
SEC. 2. The money appropriated in section one of this Act shall be paid to the Treasurer of the Province of Nueva Ecija on the presentation by him to the Insular Treasurer of a certified copy of a resolution of the provincial board of Nueva Ecija accepting the loan hereinbefore authorized and agreeing to repay the same, without interest, within the period of five years from the date of the acceptance of the loan, one thousand five hundred dollars to be repaid within the first two years, and two thousand dollars each year thereafter until the loan is satisfied.
SEC. 3. The money hereby appropriated shall be used in the construction of buildings for a provincial school of secondary instruction and dormitories at San Isidro, in the Province of Nueva Ecija, and for no other purpose, and shall be expended under the direction of the provincial board of said province: Provided, That the plans and specifications for the construction shall be prepared by the Chief of the Bureau of Architecture and Construction of Public Buildings, and the buildings when constructed and the school when established shall be under the supervisory control of the Department of Public Instruction.
SEC. 4. 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. 5. This Act shall take effect on its passage.
Enacted, October 2, 1903.
Cite this law
AN ACT PROVIDING FOR A LOAN OF SEVEN THOUSAND FIVE HUNDRED DOLLARS, UNITED STATES CURRENCY, TO THE PROVINCE OF NUEVA ECIJA FOR THE CONSTRUCTION OF BUILDINGS FOR A SCHOOL OF SECONDARY INSTRUCTION AND DORMITORIES AT SAN ISIDRO. (Official Gazette). Retrieved via LawPlayer, https://lawplayer.com/ph/act/act-919
Source: Official Gazette of the Republic of the Philippines — Philippine laws are public documents (works of the government).
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