Full Title
AN ACT TO AMEND SECTION TWO OF ACT NUMBERED THIRTY-ONE HUNDRED AND SIXTEEN, AS AMENDED, ENTITLED "AN ACT TO AUTHORIZE THE GOVERNOR-GENERAL TO PURCHASE ON BEHALF OF THE GOVERNMENT OF THE PHILIPPINE ISLANDS, SEVENTY THOUSAND SHARES OF THE CAPITAL STOCK OF THE MANILA RAILROAD COMPANY OF THE PHILIPPINE ISLANDS, AND TO PROVIDE FUNDS FOR PAYING THE PRICE OF SAID SHARES".
Congress
1st National Assembly
Date of Approval
June 8, 1938

Other Details

Issuance Category
Legislative Issuance
Legislative Issuance Type
Commonwealth Act

Official Gazette

Official Gazette Source
Official Gazette vol. 36 no. 114 page 2449 (9/22/1938)

Full Text of Issuance

[ Commonwealth Act No. 314, June 09, 1938 ]

AN ACT TO AMEND SECTION TWO OF ACT NUMBERED THIRTY-ONE HUNDRED AND SIXTEEN, AS AMENDED, ENTITLED "AN ACT TO AUTHORIZE THE GOVERNOR-GENERAL TO PURCHASE ON BE­HALF OF THE GOVERNMENT OF THE PHILIPPINE ISLANDS, SEVENTY THOU­SAND SHARES OF THE CAPITAL STOCK OF THE .MANILA RAILROAD COMPANY OF THE PHILIPPINE ISLANDS, AND TO PROVIDE FUNDS FOR PAYING THE PRICE OF SAID SHARES.

Be it enacted by the National Assembly of the Philippines:SECTION 1. Section two of Act Numbered Thirty-one hundred and sixteen is amended so as to read as follows:

"SEC. 2. The Manila Railroad Company of the Philip­pines shall expend these funds for the construction of rail­road lines and the purchase of the necessary rolling stock equipment therefor, and especially for the completion of the lines between Aloneros, Tayabas, and Pamplona, Camarines Sur; between Bauang Sur and San Fernando, La Union; between San Quintin and Tayug, Pangasinan; and between Taiiac, Tarlac, and San Jose, Nueva Ecija, and for the construction or acquisition of hotels and rest-houses at various points in the Philippines."

SEC. 2. This Act shall take effect upon its approval.Approved, June 9, 1938.

Source: Supreme Court E-Library