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Act No. 3456 Section 6

Act No. 3456 Section 6

Section 6

SEC. 6. A standing annual appropriation is hereby made out of the general funds in the Insular Treasury, not otherwise appropriated, of such sums as may be necessary to provide for the sinking fund created in the next preceding section hereof, and for the payment of the interest on the bonds issued by virtue of this Act. A further appropriation is hereby made out of any general funds in the Insular Treasury, not otherwise appropriated, of a sufficient sum to cover the expenses of the issue and sale of the bonds of the City of Manila issued by virtue of this Act. The Insular Government shall be reimbursed by the City of Manila for the sums so disbursed for the sinking fund, interest, and expenses of the issue and sale of the bonds, within thirty days after payment of said expenses by the Insular Government. In case the Municipal Board of the City of Manila shall fail to make such reimbursements, the Collector of Internal Revenue and the Treasurer of the City of Manila are hereby authorized and directed, any provisions of existing law to the contrary notwithstanding, to withhold from the revenues of said city that may come into their possession an amount sufficient to make said reimbursement or any other reimbursement above provided and shall deposit said sum with the Treasurer of the Philippine Islands to the credit of the general fund of the Insular Government.

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Other provisions in Act No. 3456

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. 3456 Section 6 (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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