My bookmarksSign up free

Act No. 2688 Section 7

Act No. 2688 Section 7

Section 7

SEC. 7. The expenses incidental to the sale of the bonds the issue whereof is hereby authorized, and the payment of the exchange, interest, and appropriation authorized for the purpose of constituting and maintaining the sinking fund for the redemption of said bonds, shall be reimbursed to the Insular Government by the municipality of Iloilo from the current revenues of said municipality within ninety days after such payments shall have been made. In case the municipal council of the municipality of Iloilo shall fail to make such reimbursement, the provincial treasurer of the Province of Iloilo is hereby authorized and directed to withhold from the revenues of the municipality of Iloilo that may come in his possession an amount sufficient to make the necessary reimbursement, and shall deposit said sum with the Treasurer of the Philippine Islands, to the credit of the general funds of the Insular Government.

Read the full instrument →

Other provisions in Act No. 2688

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. 2688 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).

Continue your research