Use of Surplus Sales Proceeds for RFC Stock

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Republic Act No. 87: Use of Surplus Sales Proceeds for RFC Stock

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Title Supreme Court: Use of Surplus Sales Proceeds for RFC Stock

Law: Republic Act No. 87

Decision Date: Oct 29, 1946

Republic Act No. 87 appropriates the proceeds from the sales of surplus property to pay for subscriptions to the capital stock of the Rehabilitation Finance Corporation, with the President directed to transfer all acquired properties to the corporation as payment.

appropriation

proceeds

surplus property sales

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