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Act No. 997 Section 2

Section 2

SEC. 2. The Treasurer of the Philippine Islands is also hereby authorized to loan, out of any funds in the Insular Treasury not otherwise appropriated, the sum of eight thousand pesos, Philippine currency, to the municipality of Sariaya, Province of Tayabas, in order to enable said municipality to complete the construction of its public-school building, and the same is hereby appropriated for that purpose. The money so appropriated shall be withdrawn from the Insular Treasury by settlement warrant payable to the treasurer of the Province of Tayabas, to be by him transferred, like other municipal funds, to the municipality of Sariaya, and shall be returned without interest, through the provincial board of Tayabas, to the Insular Treasury, as follows: "Not less than two thousand pesos, Philippine currency, on or before January first, nineteen hundred and five, and not less than two thousand pesos, Philippine currency, each year thereafter until the loan is paid.

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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 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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