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ACT NO. 1343
ACT NO. 1343 - AN ACT EXTENDING THE
TIME FOR THE PAYMENT OF THE CEDULA TAX AND LAND TAXES IN THE PROVINCE
OF CEBU FOR THE YEAR NINETEEN HUNDRED AND FIVE, AND PROVIDING FOR A
LOAN OF SIXTY THOUSAND PESOS TO SAID PROVINCE
Section 1. The period for
the payment, without penalty, of the cedula tax for the year nineteen
hundred and five in the Province of Cebu is hereby extended to October
thirty-first, nineteen hundred and five, the provisions of Article XII
of the Internal Revenue Law of Nineteen hundred and four to the
contrary notwithstanding, and the time for the payment, without
penalty, of the land tax for said year in said province is hereby
extended to November thirtieth, nineteen hundred and five.
Sec. 2. There is hereby appropriated, out of any
funds in the Insular Treasury not otherwise appropriated, the sum of
sixty thousand pesos, Philippine currency, to be loaned to the Province
of Cebu and to be used by the provincial board of said province in
making loans to municipalities thereof for expenditure on public works.
Said amount shall be paid to the provincial treasurer of Cebu upon the
production by him to the Insular Treasurer of a certified copy of a
resolution of the provincial board of Cebu accepting such loan and
agreeing to repay the same, without interest, in four equal annual
installments due on or before one, two, three, and four years,
respectively, from the date of the acceptance of said loan.
Sec. 3. 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-sixty, nineteen hundred.
Sec. 4. This Act shall take effect on its passage.
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