Act No. 981




[ Act No. 981, November 06, 1903 ] AN ACT APPROPRIATING SIX HUNDRED AND SEVENTY-FIVE THOUSAND DOLLARS, MEXICAN CURRENCY, TO PURCHASE THE ORIENTE HOTEL PROPERTY IN THE CITY OF MANILA FOR INSULAR PURPOSES, AND TWO THOUSAND FIVE HUNDRED PESOS, PHILIPPINE CURRENCY, TO PAY INSURANCE PREMIUM AND INCIDENTAL EXPENSES OF PURCHASE. By authority of the United States, be it enacted by the Philippine Commission, that: Section 1. The sum of six hundred and seventy-five thousand dollars, Mexican currency, is hereby appropriated, out of any funds in the Insular Treasury not otherwise appropriated, to pay the purchase price of the Oriente Hotel property, which the Commission by resolution of September eighteenth, nineteen hundred and three, has contracted to buy from the owners thereof. Section 2. Whereas the contract was conditioned on the report of the Solicitor-General that the owner of the hotel property and the vendor, the Oriente Hotel Company. should have a good title to the property, and whereas the Solicitor-General has certified that the Oriente Hotel Company has a good and marketable title to the property contracted for: Now, therefore, on the requisition of the Civil Governor, a warrant shall issue in favor of the Oriente Hotel Company for six hundred and seventy-five thousand dollars, Mexican currency, upon the delivery to the Civil Governor of a conveyance certified to be in proper form and properly executed by the Solicitor-General. Section 3.1aшphi1 The Civil Governor is hereby authorized to make a contract for the insurance against fire and other destruction for one year of the buildings of the property heroin authorized to be purchased, and the sum of two thousand five hundred pesos, Philippine currency, is hereby appropriated, out of any funds in the Insular Treasury not otherwise appropriated, to be used in paying the premium for said insurance and any incidental expenses of the purchase. 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, November 6, 1903. The Lawphil Project - Arellano Law Foundation