EXECUTIVE ORDER NO. 231

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EXECUTIVE ORDER NO. 231: Bacolod City 30-Year 5% Bonds Issuance EO

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Title Supreme Court: Bacolod City 30-Year 5% Bonds Issuance EO

Law: Executive Order No. 231

Decision Date: Nov 4, 1939

Manuel L. Quezon authorizes the issuance of 30-year, 5% bonds amounting to 500,000 pesos for the City of Bacolod to fund the construction of the City Hall and essential sewer facilities.

executive order

administrative law

city council

QuestionsQuestions (EXECUTIVE ORDER NO. 231)

: The Secretary of Finance recommended the issuance of the bonds in his indorsement dated August 17, 1939.
: Section 3 authorizes the issuance of National Government bonds in the amount of five hundred thousand pesos, proceeds of which shall be used to purchase equivalent par amount of bonds of the City of Bacolod.
: The bonds shall be registered in the Treasury of the Philippines at Manila, where the principal and interest shall be payable in Philippine currency or its equivalent in United States currency at the discretion of the Secretary of Finance.

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