Question & AnswerQ&A (Act No. 1285)
The Act appropriates six hundred seventy-five thousand dollars, Mexican currency, for the purchase of the Oriente Hotel property.
The appropriation was authorized by the Philippine Commission by virtue of the authority of the United States.
The contract was conditioned on the Solicitor-General's report that the Oriente Hotel Company should have a good and marketable title to the property.
The Solicitor-General certified that the Oriente Hotel Company had a good and marketable title.
The Civil Governor is authorized to issue a warrant for payment upon delivery of a properly executed conveyance and to make a contract for insurance of the property buildings.
Two thousand five hundred pesos, Philippine currency, is appropriated for insurance premium and incidental expenses.
It covers the premium for fire and other destruction insurance for one year and any incidental expenses of the purchase.
The Civil Governor is authorized to contract for insurance against fire and other destruction for one year of the buildings on the purchased property.
The Act took effect upon its passage on November 6, 1903.