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REPUBLIC ACTS
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| REPUBLIC ACT NO. 2059 - AN ACT TO
AUTHORIZE THE PHILIPPINE CHARITY SWEEPSTAKES OFFICE TO HOLD ONE SPECIAL
SWEEPSTAKES RACE FOR THE WELFAREVILLE INSTITUTIONS AS BENEFICIARY |
| Section 1.
Provisions of existing laws to the contrary notwithstanding, the
Philippine Charity Sweepstakes Office shall hold in the year nineteen
hundred and fifty-nine, one special sweepstake horse race the net
proceeds of which shall, after deducting the payment of the prizes and
expenses, as provided in Act Numbered Forty-one hundred and thirty, as
amended by Commonwealth Act Numbered Five hundred and forty-six, be
turned over to the Social Welfare Administration for the construction
of new buildings in the Welfareville Institutions. The plans for the
construction of such buildings shall be approved by the Bureau of
Public Works and all expenses therefor shall be subject to budgeting
and auditing regulations. In the said special sweepstake horse race,
the prizes for the three winning horses shall be in direct proportion,
respectively, to the three main prizes for winning tickets and shall be
ten per cent thereof, but in no case shall the total amount of the
prizes for winning hoses exceed fifty thousand pesos. Section 2. This Act shall take effect upon its approval. Approved: June 13, 1958 |
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