Increase Water District Bonded Debt Limit

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Republic Act No. 1149: Increase Water District Bonded Debt Limit

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Title Supreme Court: Increase Water District Bonded Debt Limit

Law: Republic Act No. 1149

Decision Date: Jun 17, 1954

Republic Act No. 1149 increases the bonded indebtedness limit of the Metropolitan Water District from twenty million pesos to thirty million pesos, allowing them to contract indebtedness and issue bonds for revenue-producing projects, including sinking underground water main pipes in Manila.

increased limit

bonded indebtedness

corporate affairs

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