Financial Liabilities Assumed
- The new municipality of President Roxas assumes half of the unpaid balance of the loan contracted by Pilar for its waterworks.
- This loan is from the National Government.
Appointment and Tenure of Officials
- The elective officials of President Roxas are initially appointed by the President of the Philippines.
- These officials will hold office until their duly elected successors qualify.
Effectivity Clause
- The Act takes effect immediately upon its approval.
- The approval date is June 14, 1949.