[ Act No. 1018, December 02, 1903 ]
AN ACT AUTHORIZING A LOAN OF TWENTY THOUSAND PESOS, PHILIPPINE CURRENCY, TO THE PROVINCE OF ORIENTAL NEGROS, TO BE EXPENDED IN THE ERECTION OF A SECONDARY SCHOOL BUILDING IN THE MUNICIPALITY OF DUMAGUETE.
By authority of the United Stales, be it enacted by the Philippine Commission, that:
Section 1. The Treasurer of the Philippine Islands is hereby authorized to advance as a loan from the Insular Government to the Province of Oriental Negros the sum of twenty thousand pesos, Philippine currency, to be expended under the direction of the provincial board in the erection of a secondary school building in the municipality of Dumaguete. The money so loaned is to be returned to the Insular Treasury, without interest, as follows: The first day of December, nineteen hundred and five, four thousand pesos; the first day of December, nineteen hundred and six, four thousand pesos; the first day of December, nineteen hundred and seven, four thousand pesos; the first day of December, nineteen hundred and eight, four thousand pesos; the first day of December, nineteen hundred and nine, four thousand pesos.
Section 2.1aшphi1 The secondary school building provided for in the next preceding section shall be constructed only on plans to be drawn by the Chief of the Bureau of Architecture, approved by the General Superintendent of Education and the Secretary of Public Instruction, and under the supervision of the provincial board.
Section 3. There is hereby appropriated, out of any funds in the Insular Treasury not otherwise appropriated, the sum of twenty thousand pesos, Philippine currency, to comply with the provisions of this Act: Provided, however, That the money shall not be paid by the Insular Treasure until be shall receive a resolution of the provincial board of Oriental Negros accepting the loan and agreeing to the terms of this Act.
Section 4. 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 5. This Act shall take effect on its passage.
Enacted, December 2, 1903.
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