Law Summary
Fiscal Provisions for Tax Collections
- All monies previously collected for municipal purposes in Quilbay belong to the treasury of Guinayangan municipality.
- All monies from taxes collected after the enactment of this law, whether assessed before or after the law's passage, will belong to the treasury of Ragay municipality.
Legislative Expediency for Enactment
- The law's passage is expedited due to the public good requirement.
- Expediency is in accordance with Section 2 of an earlier Act prescribing the legislative procedure by the Philippine Commission.
Effectivity of the Law
- The law shall take effect immediately upon its passage on July 31, 1902.