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A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
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ACT NO. 1284 - AN ACT MAKING
PERMANENT ANNUAL APPROPRIATIONS FOR THE PAYMENT OF INTEREST UPON
CERTIFICATES OF INDEBTEDNESS AND BONDS ISSUED BY THE GOVERNMENT OF THE
PHILIPPINE ISLANDS
Section 1.
To meet the interest payments upon the various issues of certificates
of indebtedness which have been or may have been made on behalf of the
Government of the Philippine Islands by the Secretary of War under
authority of the Act of Congress approved March second, nineteen
hundred and three, and of various Acts of the Philippine Commission
adopted in accordance with said Act of Congress, the appropriations for
this purpose to be payable from the gold-standard fund of the Insular
Treasury.
To meet the interest payments upon the bonds issued in connection with
the purchase of the so-called "friar lands" in pursuance of the
provisions of Act Numbered One thousand and thirty-four of the
Philippine Commission for the payment of the principal and interest of
the said bonds, and, second, in the event that there are no sufficient
moneys in said trust fund for the payment of any installment or
interest upon the bonds referred to, then out of any funds in the
Insular Treasury not otherwise appropriated: Provided, That such
payments from the general funds of the Treasury shall be reimbursed
from the trust fund when sufficient funds have accrued to the said
trust fund to permit such disbursement.
To meet the interest payments upon the duly authorized bonds issued on
account of the Government of the Philippine Islands other than those
herein before referred to, the appropriations for this purpose to be
payable out of any funds in the Insular Treasury not otherwise
appropriated.
Sec. 2.
Sec. 3.
Enacted, January 19, 1905.
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Since 19.07.98.