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Act No. 997 Section 1

Act No. 997 Section 1

Section 1

SECTION 1. The Treasurer of the Philippine Islands is hereby authorized to loan, out of any funds in the Insular Treasury not otherwise appropriated, the sum of five thousand and eighty-five pesos, Philippine currency, to the Province of Tayabas for the benefit of the public schools of the Island of Marinduque, and the same is hereby appropriated to be expended by the provincial board of Tayabas, for the payment of the native teachers of the public schools of the island and such other lawful expenses as may be recommended by the division superintendent of schools and approved by the board. The amount so loaned shall be returned to the Insular Treasury from the treasury of the Province of Tayabas on or before the first, day of January, nineteen hundred and nine, without interest: Provided, That not less than one thousand pesos, Philippine currency, shall be returned on or before the first day of January, nineteen hundred and five, and not less than one thousand pesos. Philippine currency, each year thereafter until the loan is paid in full.

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Other provisions in Act No. 997

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. 997 Section 1 (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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