Preamble
Whereas Tinder the Mortgage Law and the regulations for its execution in force in the Philippine Islands prior to American occupation registrars of property were required to give bond conditioned upon the faithful performance of their duties as such officers; and Whereas the provisions of said mortgage Law and the regulations for its execution providing for the release and delivery of such bonds have become inoperative because of the change of sovereignty; and Whereas much hardship has been caused to the principals and sureties of such bonds because of the impossibility of securing the cancellation of said bonds which, in many cases, constitute legal incumbrances upon the real property of said principals and their sureties: Now, therefore. By authority of the United States, be it enacted by the Philippine Commission, that: