PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES
REPUBLIC ACTS
| REPUBLIC ACT NO. 839 - AN ACT TO
CONDONE ALL DEBTS INCURRED BY PROVINCIAL, CITY OR MUNICIPAL GOVERNMENTS
FOR THE PURPOSE OF CONSTRUCTING GOVERNMENT BUILDINGS, WATERWORKS
SYSTEMS, MARKETS AND OTHER PUBLIC EDIFICES WHICH WERE LATER DESTROYED
DURING WORLD WAR II |
| Section 1. All
indebtedness incurred by provincial, city or municipal governments for
the purpose of constructing government buildings, waterworks systems,
markets and any other public edifices which were subsequently destroyed
during the last world war and for which destructions no war damage
payments were received by said local governments are hereby condoned by
the National Government and if the provincial, city or municipal
governments incurred said indebtedness from any bank, the same shall be
assumed by the National Government. Sec. 2. This Act shall take effect upon its approval. Approved: April 4, 1953 |