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http://lawyerly.ph/laws/view/l54c7
[Act No. 1560, (1906-11-06)](http://lawyerly.ph/laws/view/l54c7)
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[ Act No. 1560, November 06, 1906 ]

AN ACT CANCELING ONE-HALF THE AMOUNTS LOANED TO THE PROVINCE OF CEBU BY ACTS NUMBERED THIRTEEN HUNDRED AND FORTY-THREE AND THIRTEEN HUNDRED AND EIGHTY.

By authority of the United States, be it enacted by the Philippine Commission, that:

SECTION 1. Of the amounts loaned to the Province of Cebu by  Acts Numbered Thirteen hundred and forty-three and Thirteen hundred and eighty, one-half is hereby declared canceled on condition that the provincial government and each municipal government that received funds from said loans shall expend from their general funds for the support of schools an amount equal to one-half the. amount received by them from said loans.

SEC. 2. The appropriation of funds by the provincial board and municipal councils for the purposes of section one of this Act shall be subject to approval by the  Governor-General  in the  case provincial funds and by the provincial board in the case of municipal funds.

SEC. 3. The public good requiring the speedy enactment of this bill, the passage of the same is hereby expedited in accordance with section two of "An Act prescribing the order of procedure by the Commission in the enactment of laws," passed September twenty-sixth, nineteen hundred.

SEC. 4. This Act shall take effect on its

Enacted, November 6, 1906.

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