Act No. 900

Explanation: This section appropriates a sum of five thousand pesos from the Insular Treasury to the Province of Misamis for governmental expenses.
Key Definitions:
- Insular Treasury: The central treasury of the Philippine Islands.
Requirements/Procedures:
- The funds are designated to be used by the provincial board of Misamis for general provincial expenses.
Important Details:
- The loan is subject to the availability of funds not otherwise appropriated.

Explanation: This section outlines the conditions under which the loan will be disbursed to the Province of Misamis.
Key Definitions:
- Supervisor-Treasurer: The official responsible for managing the finances of the Province of Misamis.
Requirements/Procedures:
- The supervisor-treasurer must provide a certified copy of a resolution from the provincial board accepting the loan.
- The resolution must include an agreement to repay the loan.
Timeframes/Deadlines:
- The repayment of the loan is required by September 1, 1904.
Penalties/Liabilities:
- There are no interest charges on the loan.

Explanation: This section indicates the urgent need for the law's enactment and provides for its expedited passage.
Cross-References:
- Refers to “An Act prescribing the order of procedure by the Commission in the enactment of laws,” enacted on September 26, 1900.
Important Details:
- Emphasizes the public good as the reason for expedited legislative action.

Explanation: This section states that the Act shall take effect immediately upon its passage.
Important Details:
- There are no additional conditions for the effectivity of the Act.

Act No. 900 authorizes a loan of five thousand pesos to the Province of Misamis for general provincial expenses.
The loan is to be paid without interest and must be repaid by September 1, 1904.
Disbursement of the loan is contingent upon the provincial board’s acceptance and agreement to repay.
The Act was enacted with urgency, highlighting the need for immediate financial assistance to the province.