[ Act No. 531, November 24, 1902 ]
AN ACT TO PROVIDE FOR THE LOAN OF ONE THOUSAND DOLLARS TO THE PROVINCE OF RIZAL FOR THE PURPOSE OF DESTROYING THE PESTS OF LOCUSTS NOW RAVAGING THE RICE FIELDS OF THAT PROVINCE.
By authority of the United States, be it enacted by the Philippine Commission, that:
Section 1. The provincial board of the Province of Rizal is hereby authorized to borrow from the Insular Government the sum of one thousand dollars, in money of the United States, the same to be used by the board for the purpose of suppressing the pests of locusts now ravaging the rice fields of that province.
Section 2. Such loan shall be made upon the receipt by the Insular Treasurer of a certified copy of a resolution of the board accepting the loan.1aшphi1
Section 3. The terms of the loan shall be that the one thousand dollars thus borrowed shall be returned to the Insular Treasurer two years from the date of receiving the loan, without interest.
Section 4. There is hereby appropriated from the Insular Treasury, out of any funds not otherwise appropriated, the sum of one thousand dollars, in money of the United States, to carry out the purposes of this Act. The appropriation shall be paid in local currency at the official ratio in force at the time the payment is made.
Section 5. The public good requiring the speedy enactment of this bill, the passage of the same is hereby expedited in accordance with section two of "An Act prescribing the order of procedure by the Commission in the enactment of laws," passed September twenty-sixth, nineteen hundred.
Section 6. This act shall take effect on its passage.
Enacted, November 24, 1902.
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