Title
Loan to Province of Nueva Ecija Authorized
Law
Act No. 427
Decision Date
Jul 9, 1902
A Philippine Jurisprudence case examines the authorization of a $7,050 loan to the Province of Nueva Ecija for general government purposes, with a repayment deadline of December 31, 1902, as stipulated in Act No. 427 enacted on July 9, 1902.

Questions (Act No. 427)

It authorizes the Insular Treasurer to loan a specified amount in local currency to the Province of Nueva Ecija.

Seven thousand and fifty dollars (in local currency).

The Treasurer of the Philippine Archipelago (Insular Treasurer).

From any funds in the Insular Treasury not otherwise appropriated.

A resolution adopted by the provincial board of Nueva Ecija on June 9, 1902 requesting the loan.

On or before December 31, 1902.

To the Insular Treasury.

For the general purposes of the provincial government, in accordance with the Provincial Government Act.

No. It authorizes use for the general purposes of the provincial government, subject to the Provincial Government Act.

The Provincial Government Act.

It expedites the passage pursuant to Section 2 of "An Act prescribing the order of procedure by the Commission in the enactment of laws," passed September 26, 1900.

It indicates that the bill’s passage was expedited because the public good required speedy enactment.

On its passage.

June 9, 1902.

The Province of Nueva Ecija.

The Act specifically requires the provincial board resolution of June 9, 1902 requesting the loan; no other later approval is stated within the text.

The loan amount, although stated in dollars, is to be paid and handled in the currency used locally.

From enactment (July 9, 1902) until on or before December 31, 1902.


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