Use of Commonwealth Bonds as Security

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EXECUTIVE ORDER NO. 60: Use of Commonwealth Bonds as Security

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Title Source: Supreme Court: Use of Commonwealth Bonds as Security

Law: Executive Order No. 60

Decision Date: Oct 23, 1936

Manuel L. Quezon authorizes the acceptance of Philippine Commonwealth bonds as security for public contracts and obligations, allowing these bonds to be used in lieu of traditional bonds or cash deposits while outlining the procedures for their deposit and return.

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