[ Act No. 1730, September 30, 1907 ]
AN ACT TO AUTHORIZE CONTINUING ANNUAL APPROPRIATIONS TO MEET ANY OBLIGATIONS OF THE PHILIPPINE GOVERNMENT INCURRED BY REASON OF THE GUARANTY OF FOUR PER CENTUM INTEREST ON (A) RAILROAD BONDS, AS AUTHORIZED BY THE ACT OF CONGRESS APPROVED FEBRUARY SIXTH, NINETEEN HUNDRED AND FIVE, AND (B) CASH CAPITAL INVESTED IN ANY AGRICULTURAL BANK, AS AUTHORIZED BY THE ACT OF CONGRESS APPROVED MARCH FOURTH, NINETEEN HUNDRED AND SEVEN.
By authority of the United States, be it enacted by the Philippine Commission, that:
Section 1. A continuing animal appropriation is hereby made, from any funds in the Insular Treasury not otherwise appropriated, for the purpose of making payment of any guaranty obligation accruing against the Government of the Philippine Islands under and by virtue of the provisions of section four of the Act "f Congress approved February sixth, nineteen hundred and five, "titled "An Act to amend an Act approved July first, nineteen hundred and two, entitled 'An Act temporarily to provide for the administration of the affairs of civil government in the Philippine Wands, and for other purpose,' and to amend an Act approved March eighth, nineteen hundred and two, entitled, 'An Act temporarily to provide revenue for the Philippine Islands, and for other purposes," and to amend an Act approved March second, nineteen hundred and three, entitled 'An Act to establish a standard of value and to provide for a coinage system in the Philippine Islands,' and to provide, for the more efficient administration of civil government in the Philippine Islands, and for other purposes."
Section 2. A continuing annual appropriation is hereby made, from any funds in the Insular Treasury not otherwise appropriated, for the purpose of making payment of any guaranty obligation accruing against the Government of the Philippine Islands under and by virtue of the provisions of the Act of Congress approved March fourth, nineteen hundred and seven, entitled "An Act to provide for the establishment of an agricultural bank in the Philippine Islands.ℒαwρhi৷"
Section 3. Upon certification of the Insular Auditor approved by the Governor-General, certifying that a. guaranty liability, or any part thereof, has accrued and is due and payable from the Government of the Philippine Islands, the Insular Treasurer, upon order of the Governor-General, shall make payment to the proper persons, out of the appropriations made by this Act, of so much of the guaranty as is specified in said certificate of the Insular Auditor to be due and payable by the Government of the Philippine Islands under and by virtue of said Acts of Congress.
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 proscribing 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, September 30, 1907.
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