ChanRobles Virtual law Library
PHILIPPINE LAWS, STATUTES & CODES
A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
REPUBLIC ACTS
AN ACT TO AMEND SECTION SIXTEEN
HUNDRED AND TWENTY-SIX OF ACT NUMBERED TWENTY-SEVEN HUNDRED AND ELEVEN,
KNOWN AS THE REVISED ADMINISTRATIVE CODE |
Section 1. Section sixteen hundred and twenty-six of Act Numbered Twenty-seven hundred and eleven, known as the Revised Administrative Code, is hereby amended to read as follows: "Sec.
1626. Issuance of treasury certificates. — The
Treasurer of the Philippines is hereby authorized, in his discretion,
to receive at the National Treasury or at any of its branches, deposits
of silver pesos, half pesos and other silver coins authorized herein,
in sums of not less than twenty pesos, and to issue therefor treasury
certificates of an equivalent face amount, in denominations of not less
than one peso, nor more than five hundred pesos. Coins so received
shall be retained in the Treasury and held for the payment of such
certificates, on demand, and used for no other purpose, and shall
constitute a separate and trust fund in the National Treasury, to be
known as the "Treasury Certificate
Fund." Sec. 2. This Act shall take effect upon its approval. Approved: June 2, 1947 |