Section 1
SECTION 1. The provincial board of the Province of Batangas is hereby authorized to borrow, by resolution, from the Insular Government of the sum of fifteen thousand dollars, in money of the United States or its equivalent in local currency at the authorized ratio, to be expended by the provincial board in the improvement and construction of roads and bridges in said province and to furnish labor to the suffering poor. The sum thus borrowed shall be repaid to the Insular Treasury, without interest, in annual installments of three thousand dollars beginning two years from the date of the loan. The amount of the loan shall be paid to the provincial treasurer upon receipt of the resolution of the provincial board, and shall be by him disbursed upon order of the provincial board as in other cases.