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An Act to Amend Section One of Act Numbered Twenty-Nine Hundred and Sixteen, Exempting Certain Bonds of the Manila Railroad Company of the Philippine Islands from Taxation.

An Act to Amend Section One of Act Numbered Twenty-Nine Hundred and Sixteen, Exempting Certain Bonds of the Manila Railroad Company of the Philippine Islands from Taxation.

Act Β· Approved November 24, 1934 Β· 2 sections

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

Section 1

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SECTION 1. Section one of Act Numbered Twenty-nine hundred and sixteen is hereby amended to read as follows: "SECTION 1. Any bonds heretofore and hereafter issued by the Manila Railroad Company of the Philippine Islands and its predecessors, and all income directly derived therefrom shall be exempt from the payment of any tax of the Government of the Philippine Islands or any division or political subdivision of the same."

Section 2

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SEC. 2. This Act shall take effect on its approval. Approved, November 24, 1934.

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

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