Act No. 427

: The main purpose of Act No. 427 is to authorize the loan of seven thousand and fifty dollars in local currency to the Province of Nueva Ecija from the Insular Treasury for the general purposes of the provincial government.
: The Treasurer of the Philippine Archipelago is authorized to loan the sum of seven thousand and fifty dollars to the Province of Nueva Ecija.
: The loan shall be made out of any funds in the Insular Treasury that are not otherwise appropriated.
: The resolution was adopted on the ninth day of June, nineteen hundred and two (June 9, 1902).
: The loaned money must be returned on or before the thirty-first day of December, 1902.
: The loaned money may be used for the general purposes of the provincial government in accordance with the provisions of the Provincial Government Act.
: The use of the loan is governed by the provisions of the Provincial Government Act.
: Section 2 states that the passage of this bill is expedited in accordance with section two of 'An Act prescribing the order of procedure by the Commission in the enactment of laws,' passed September 26, 1900.
: Act No. 427 takes effect on its passage, that is, July 9, 1902.
: Specifying the loan in local currency ensures that the loan is provided in the Philippine currency at the time, which facilitates use and accounting within the local provincial government operations.