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[ Act No. 2954, February 19, 1921 ]

AN ACT AUTHORIZING PROVINCES AND MUNICIPALITIES TO PURCHASE AND OWN SHARES OF STOCK OF THE PHILIPPINE NATIONAL BANK.

Be it enacted by the Senate and House of Representatives of the Philippines in
Legislature assembled and by the authority of the same:

Section 1. The regular and special provinces, municipalities, and municipal districts are hereby authorized to purchase and own shares of stock of the Philippine National Bank, subject to the approval of the Secretary of the Interior.

Section 2. This Act shall take effect on its approval.ℒαwρhi৷

Approved, February 19, 1921.

The Lawphil Project - Arellano Law Foundation

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