SECTION 1. The first paragraph of section twenty-one of Republic Act Numbered Five hundred twenty-five, as amended, otherwise known as the Charter of the City of Iligan, is further amended to read as follows:
"SEC 21. The city treasurer—His powers, duties and compensation.—There shall be a city treasurer who shall have charge of the department of finance and shall act as chief fiscal officer and financial adviser of the city and custodian of its funds. He shall receive a salary of not "exceeding three thousand six hundred pesos per annum. There shall also be an assistant city treasurer who shall receive a salary of three thousand pesos per annum. The city treasurer shall have the following general powers and duties:"