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Act No. 1055 Section 7

Act No. 1055 Section 7

Section 7

SEC. 7. The Philippine Exposition Board may advance, for the benefit of any concessionaire, from the funds appropriated to meet the obligations of the Exposition Board, such sums as in its discretion limy seem necessary or wise for the purchase of such articles and supplies as the concessionaire is authorized to sell for account of the Government as may be provided in his contract, but in no case shall the property in the hands of a concessionaire exceed the amount of his bond. All vouchers covering payments in the United States from the funds appropriated for the Philippine Exposition Board for the purchase of articles for sale, the payment of salaries of concessionaires and their employees, and expenses incurred in behalf of any concession or concessionaire under his contract, shall be certified to be correct by the concessionaire or his authorized agent, and approved by the chairman of the Exposition Board, and shall be payable by the disbursing officer appointed under section ten of Act Numbered Five hundred and fourteen, as herein provided in section nine. All unexpended balances in the hands of other disbursing officers or agents of the Exposition Board in the United States on May first, nineteen hundred and four, shall be transferred to the disbursing officer for the Exposition Board in the regular way and be accounted for by him. All payments after May first, nineteen hundred and four, to be made in the Philippine Islands, in behalf of the Exposition Board, or of any concessionaire under bis contract, shall be made by a designated disbursing officer in Manila, and all other agents in the Philippine Islands heretofore disbursing funds of the Exposition Board shall close their accounts and deposit their unexpended balances to the credit of the Imposition Board appropriations on or before May first, nineteen hundred and four.

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Other provisions in Act No. 1055

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

CitationAct No. 1055 Section 7 (LawPlayer, data as of July 4, 2026)

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

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