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Act No. 2436 Section 2

Act No. 2436 Section 2

Section 2

SEC. 2. There is hereby appropriated for and as the permanent capital of said fidelity fund the sum of fifty thousand pesos out of any moneys in the Insular Treasury not otherwise appropriated; and all accretions and gains by way of premiums, interest, earnings, or otherwise accruing in the operation of the fidelity fund shall pertain to said fund until the combined capital and net earnings shall amount to one hundred thousand pesos. Any excess thereof shall revert to the general funds: Provided, That in case the total claims payable from the fidelity fund shall at any time exceed the capital and net earnings pertaining thereto, the amount necessary to cover such deficit shall be advanced from the general surplus of the Insular Government until such time as the overdraft shall have been offset by the future net earnings of the fund.

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Other provisions in Act No. 2436

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. 2436 Section 2 (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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