| Section 1. Organization and administration. — Provincial
boards 1 of regular or special provinces within the boundaries of which
there are lands suitable for cultivation and appropriation under the
homestead provisions are hereby authorized to create and organize
agricultural colonies in accordance with the provisions of this Act.
For this purpose, the provincial boards, 1a shall, subject to the
approval of the Secretary of the Interior 2 and the Secretary of
Agriculture and Natural Resources, 3 issue such regulations as may be
necessary for the organization, government, and administration of the
colonies, and may furnish to the colonists, as an advance, work cattle
or implements and extend to them such economic or other assistance as
may be necessary during the first three years. The colonists shall pay
the price of the work cattle and implements and any other indebtedness
contracted by them at once or in installments, as the provincial board
4 may prescribe in its regulations.
Sec. 2. Advances. — The colonists shall pay to the
provincial government the amount of the advances made by an annual
percentage of their crops, to be fixed by the provincial board 4a in
its regulations, aside from the other payments they are required to
make under the last preceding section. Each provincial board 4b shall
fix in the regulations the rate of interest to be charged for money of
the provincial treasury invested in any of the objects provided for in
this Act for the benefit of the colonists.
Sec. 3. Drought inundation, etc. — In case that
owing to drought, inundation, typhoon, locusts, or any other public
calamity or force majeure, the land yields less than fifty per centum
of a normal crop, in the discretion of the provincial board, 5 the
colonist affected shall be relieved, for the year during which such
calamity occurred, from any payment of the capital and interest
provided for in this Act.
Sec. 4. The land occupied by any colonist in
accordance with this Act, and the improvements thereon, shall be exempt
from the land tax until the colonist shall have acquired the title
thereto.
Sec. 5. Appropriation. — Provincial boards 6 are
hereby authorized to appropriate up to the amount of fifty thousand
pesos out of their general funds for the purposes of this Act, or, in
case of their funds being insufficient, to apply to the Philippine
National Bank for a loan in an amount not to exceed fifty thousand
pesos, subject to the restrictions contained in the existing laws with
regard to loans and indebtedness contracted by the provinces.
Sec. 6. This Act shall take effect on its
approval.
Footnotes
1. Now Sangguniang Panlalawigan.
1a. Id.
2. Now Secretary of Local Government and
Community Development.
3. Now Secretary of Natural Resources.
4. Now Sangguniang Panlalawigan.
4a. Id.
4b. Id.
5. Id.
6. Id.
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