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REPUBLIC ACT No. 302

An Act to Appropriate the Sum of Three Million Pesos as Additional Capital for the National Tobacco Corporation

Be it enacted by the Senate and House of Representatives of the Philippine Congress Assembled:

Section 1. There is hereby appropriated out of any funds in the National Treasury, the sum of three million pesos, as additional capital for the National Tobacco Corporation: Provided, That not more than twenty per centum shall be spent for salaries and wages.

Section 2. This Act shall take effect upon its approval.

Approved: June 17, 1948.

The Lawphil Project - Arellano Law Foundation

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