[ Act No. 3420, December 07, 1927 ]

AN ACT GRANTING LOANS TO PROVINCES AND MUNICIPALITIES AND APPROPRIATING THE SUM OF THREE MILLION EIGHTY-NINE THOUSAND AND NINE HUNDRED PESOS FOR THIS PURPOSE.

Whereas, the Loan Board created by Act Numbered Three thousand three hundred and thirty-five of the Philippine Legislature has approved certain loans to provinces and municipalities in accordance with the provisions of said Act;

Whereas, notwithstanding the approval of said loans the Insular Auditor has refused to authorize the release of the corresponding funds, because in his opinion the aforesaid Loan Board is illegally constituted in the light of the decision of the Supreme Court of the Philippine Islands in the case of Milton E. Springer et al. vs. The Government of the Philippine Islands, which case is now pending final decision before the Supreme Court of the United States;

Whereas, the public welfare requires the immediate release of said funds while awaiting the final determination by the courts as to the legality of the Loan Board, either as a result of the doctrine that may be established in the case of Milton E. Springer et al. vs. The Government of the Philippine Islands above referred to, or in an independent action that may be instituted by interested parties to compel the Insular Auditor to order the release of similar funds: Now, therefore,

Be it enacted by the Senate and House of Representatives of the Philippines in Legislature assembled and by the authority of the same:

SECTION 1. The loan fund of three million five hundred thousand pesos appropriated and set aside by Act Numbered Three thousand three hundred and thirty-five is hereby reduced by the amount of three million twenty-four thousand and nine hundred pesos and said amount of three million twenty-four thousand and nine hundred pesos is hereby appropriated to be loaned to the following provinces and municipalities in the sums and for the purposes, respectively, herein specified, and under the terms, conditions and limitations as prescribed and approved by the Loan Board created by said Act Numbered Three thousand three hundred and thirty-five.

ABRA

Municipality of Bangued 鈥攆or the reconstruction of waterworks, payable in ten annual amortized installments


P5,700.00
 

ALBAY

Municipality of Camalig鈥攆or the construction of a market building, payable in ten annual amortized installments


11,000.00
 

Municipality of Libon鈥攆or the construction of a presidencia building, payable in ten annual amortized installments


8,500.00
 

Municipality of Ligao鈥攆or the construction of waterworks, payable in ten annual amortized installments


30,000.00
 

Municipality of Oas鈥攆or the construction of waterworks, payable in ten annual amortized installments


25,000.00
 

Municipality of Oas鈥攆or the construction of a presidencia building, payable in ten annual amortized installments


7,000.00
 

Municipality of Polangui鈥攆or the construction of a presidencia building, payable in ten annual amortized installments



17,000.00
 

Municipality of Tabaco鈥攆or the construction of a presidencia building, payable in ten annual amortized installments



40,000.00
 

ANTIQUE

Municipality of Barbaza鈥攆or the construction of waterworks, payable in ten annual amortized installments


8,000.00
 

Municipality of Pandan鈥攆or the construction of waterworks, payable in ten annual amortized installments


10,000.00
 

Municipality of Patnongon鈥攆or the construction of waterworks, payable in ten annual amortized installments


10,000.00
 

Municipality of Sibalom鈥攆or the construction of waterworks, payable in ten annual amortized installments


9,000.00
 

BATAAN

Municipality of Hermosa鈥攆or the completion of its presidencia building, payable in five annual amortized installments



2,000.00
 

Municipality of Orani鈥攆or the construction of market tiendas, payable in ten annual amortized installments


5,000.00
 

BATANGAS

Municipality of Balayan鈥攆or the construction of an intermediate school and a school of domestic science, payable in ten annual amortized installments

50,000.00
 

Municipality of Bauan鈥攆or the completion of its lighting system, payable in five annual amortized installments


5,000.00
 

Municipality of Bolbok鈥攆or the construction of a presidencia building, payable in ten annual amortized installments



30,000.00
 

Municipality of Lipa鈥攆or the construction of market tiendas and acquisition of additional market site, payable in ten annual amortized installments

20,000.00
 

Municipality of Taal鈥攆or the construction of a market building, payable in ten annual amortized installments


50,000.00
 

Municipality of Tanawan鈥攆or the construction of a presidencia building, payable in ten annual amortized installments



30,000.00
 

BOHOL

Province of Bohol鈥攆or the construction of a bridge over the Wahig River, payable in five annual amortized installments

60,000.00
 

Municipality of Baclayon鈥攆or the construction of waterworks, payable in ten annual amortized installments


9,000.00
 

Municipality of Batuan鈥攆or the construction of a presidencia building, payable in ten annual amortized installments


5,000.00
 

Municipality of Dimiao鈥攆or the construction of waterworks, payable in ten annual amortized installments

10,000.00
 

Municipality of Calape鈥攆or the construction of a presidencia building, payable in ten annual amortized installments


20,000.00
 

Municipality of Jagna鈥攆or the construction of a market building, payable in ten annual amortized installments


15,000.00
 

Municipality of Garcia-Hernandez鈥攆or the construction of a school building, payable in ten annual amortized installments


10,000.00
 

Municipality of Guindulman鈥攆or the construction of waterworks, payable in ten annual amortized installments


10,000.00
 

Municipality of Valencia鈥攆or the construction of waterworks, payable in ten annual amortized installments


8,000.00
 

BULACAN

Municipality of Hagonoy鈥攆or the construction of waterworks, payable in ten annual amortized installments

33,400.00
 

Municipality of San Ildefonso鈥攆or the construction of artesian well, payable in ten annual amortized installments


5,000.00
 

Municipality of Malolos鈥攆or the construction of a market building, payable in ten annual amortized installments


36,000.00
 

Municipality of Meycauayan鈥攆or the construction of waterworks, payable in ten annual amortized installments


25,000.00
 

Municipality of Obando鈥攆or the construction of four additional school rooms, payable in ten annual amortized installments



6,000.00
 

Municipality of Polo鈥攆or the drilling of artesian wells, payable in ten annual amortized installments


6,700.00
 
Municipality of San Miguel鈥攆or the construction of a waterwork, payable in ten annual amortized installments

12,500.00
 

CAGAYAN

Municipality of Aparri鈥攆or the construction of a presidencia building, payable in ten annual amortized installments

30,000.00
 

CAMARINES NORTE

Municipality of Daet鈥攆or the construction of a retaining wall, payable in five annual amortized installments

5,000.00
 

CAMARINES SUR

Municipality of Baao鈥攆or the construction of a market building, payable in ten annual amortized installments

P21,000.00
 

Municipality of Buhi鈥攆or the construction of a market building, payable in ten annual amortized installments

24,000.00
 

Municipality of Goa鈥攆or the construction of a market building, payable in ten annual amortized installments

28,000.00
 

Municipality of Nabua鈥攆or the construction of a market building, payable in ten annual amortized installments

15,000.00
 

Municipality of Naga鈥攆or the construction of a market building, payable in ten annual amortized installments

10,000.00
 

Municipality of Pasacao鈥攆or the construction of waterworks, payable in five annual amortized installments

2,000.00
 

Municipality of Tigaon鈥攆or the construction of market tiendas, payable in ten annual amortized installments

7,500.00
 

CAPIZ

Municipality of Capiz鈥攆or the construction of waterworks, payable in ten annual amortized installments

47,000.00
 

Municipality of Banga鈥攆or the construction of a market building, payable in ten annual amortized installments

22,000.00
 

Municipality of Dumalag鈥攆or the construction of a market building, payable in ten annual amortized installments

20,000.00
 

Municipality of Iuisan鈥攆or the construction of waterworks, payable in ten annual amortized installments

9,000.00
 

Municipality of Mambusao鈥攆or the construction of a presidencia building, payable in ten annual amortized installments

10,000.00
 

Municipality of Panay鈥攆or the construction of a market building, payable in ten annual amortized installments

12,000.00
 

Municipality of Panitan鈥攆or the construction of market building, payable in ten annual amortized installments

10,000.00
 

CAVITE

Municipality of Bacoor鈥攆or the construction of a presidencia building, payable in ten annual amortized installments

17,000.00
 

Municipality of Carmona鈥攆or the acquisition of a presidencia and market site, payable in ten annual amortized installments

4,000.00
 

Municipality of Dasmarinas鈥攆or the construction of waterworks, payable in ten annual amortized installments

5,000.00
 

Municipality of General Trias鈥攆or the construction of a presidencia building, payable in ten annual amortized installments

17,000.00
 

Municipality of Indang鈥攆or the construction of a presidencia building, payable in ten annual amortized installments

20,000.00
 

Municipality of Mendez Nunez鈥攆or the construction of a market building, payable in ten annual amortized installments

15,000.00
 

Municipality of Rosario鈥攆or the construction of a presidencia building, payable in ten annual amortized installments

9,000.00
 

Municipality of Tanza鈥攆or the construction of a market building, payable in ten annual amortized installments

8,000.00
 

CEBU

Municipality of Carcar鈥攆or the construction of waterworks, payable in ten annual amortized installments

10,000.00
 

Municipality of Consolacion鈥攆or the construction of a market building, payable in ten annual amortized installments

30,000.00
 

Municipality of Danao鈥攆or the construction of a presidencia building, payable in ten annual amortized installments

20,000.00
 

Municipality of Sogod鈥攆or the construction of a presidencia building, payable in ten annual amortized installments

6,000.00
 

ILOCOS NORTE

Municipality of Bangui鈥攆or the construction of a presidencia building, payable in ten annual amortized installments

10,000.00
 

Municipality of Batac鈥攆or the construction of a presidencia building, payable in ten annual amortized installments

17,000.00
 

Municipality of Currimao鈥攆or the construction of a presidencia building, payable in ten annual amortized installments

9,000.00
 

Municipality of Laoag鈥攆or the construction of market tiendas, payable in ten annual amortized installments

15,000.00
 

Municipality of Pinili鈥攆or the construction of a presidencia building, payable in ten annual amortized installments

6,000.00
 

Municipality of Sarrat鈥攆or the construction of a school building, payable in ten annual amortized installments

3,850.00
 

Municipality of Dingras鈥攆or the construction of a market building, payable in ten annual amortized installments

20,000.00
 

Municipality of Dingras鈥攆or the construction of school building, payable in ten annual amortized installments

13,000.00
 

Municipality of Dingras鈥攆or the completion of a presidencia building, payable in ten annual amortized installments

10,500.00
 

ILOCOS SUR

Municipality of Santa Catalina鈥攆or the construction of waterworks, payable in ten annual amortized installments

4,650.00
 

Municipality of San Vicente鈥攆or the construction of waterworks, payable in ten annual amortized installments

6,300.00
 

Municipality of Sinait鈥攆or the construction of a market building, payable in ten annual amortized installments

12,000.00
 

Municipality of Santiago鈥攆or the construction of waterworks, payable in ten annual amortized installments

6,000.00
 

ILOILO

Municipality of Balasan鈥攆or the construction of a market building, payable in ten annual amortized installments

13,000.00
 

Municipality of Banate鈥攆or the construction of a market building, payable in ten annual amortized installments

10,000.00
 

Municipality of Due帽as鈥攆or the construction of a market building, payable in ten annual amortized installments

13,000.00
 

Municipality of Estancia鈥攆or the construction of a market building, payable in ten annual amortized installments

15,000.00
 

Municipality of Arevalo鈥攆or the reconstruction of the presidencia building, payable in five annual amortized installments

1,000.00
 

Municipality of Miagao鈥攆or the construction of a market building, payable in ten annual amortized installments

15,000.00
 
Municipality of La Paz鈥攆or the construction of presidencia building, payable in ten annual amortized installments
30,000.00
 

Municipality of Calinog鈥攆or the construction of a market building, payable in ten annual amortized installments

14,000.00
 

Municipality of Oton鈥攆or the construction of a market building, payable in ten annual amortized installments

30,000.00
 

Municipality of San Dionisio鈥攆or the construction of a market building, payable in ten annual amortized installments

10,000.00
 

Municipality of Janiuay鈥攆or the construction of a market building, payable in ten annual amortized installments

20,000.00
 

Municipality of San Miguel鈥攆or the construction of an additional market building, payable in ten annual amortized installments

5,000.00
 

Municipality of Passi鈥攆or the construction of a presidencia building, payable in ten annual amortized installments

25,000.00
 

Municipality of Sara鈥攆or the construction of waterworks, payable in ten annual amortized installments

15,000.00
 

LA UNION

Municipality of Agoo鈥攆or the construction of market tiendas and slaughterhouse, payable in ten annual amortized installments

6,000.00
 

Municipality of Bangar鈥攆or the construction of a market building, payable in ten annual amortized installments

10,000.00
 

Municipality of Bacnotan鈥攆or the construction of a market building, payable in ten annual amortized installments

10,000.00
 

Municipality of Bauang鈥攆or the construction of a market building, payable in ten annual amortized installments

7,000.00
 
Municipality of San Juan鈥攆or the construction of a market building, payable in ten annual amortized installments
10,000.00
 

Municipality of Tubao鈥攆or the construction of a market building, payable in ten annual amortized installments

6,000.00
 

LAGUNA

Municipality of Alaminos鈥攆or the construction of a presidencia building, payable in ten annual amortized installments

10,000.00
 

Municipality of Los Ba帽os鈥攆or the construction of a presidencia building, payable in ten annual amortized installments

10,000.00
 

Municipality of Los Ba帽os鈥攆or the construction of waterworks, payable in ten annual amortized installments 

4,000.00
 

Municipality of Lumban鈥攆or the construction of waterworks, payable in ten annual amortized installments

8,000.00
 

Municipality of Paete鈥攆or the construction of waterworks, payable in ten annual amortized installments 

6,000.00
 
Municipality of Pagsanjan鈥攆or the construction of a retaining wall, to protect the market site on the riverside, payable in ten annual amortized installments
15,000.00
 

Municipality of Luisiana鈥攆or the construction of a market building, payable in ten annual amortized installments
7,000.00
 

LEYTE

Province ol Leyte鈥攆or the construction of a school building, payable in ten annual amortized installments

120,000.00
 

Municipality of Baybay鈥攆or the acquisition of the land and building of Mrs. Martina A. Moraza for municipal purposes, payable in ten annual amortized installments

30,000.00
 

Municipality of Palo鈥攆or the completion of the presidencia building, payable in ten annual amortized installments

20,000.00
 

Municipality of Villaba鈥攆or the construction of waterworks, payable in ten annual amortized installments

3,000.00
 

MARINDUQUE

Municipality of Boac鈥攆or the construction of a presidencia building, payable in ten annual amortized installments

23,000.00
 

Municipality of Buenavista鈥攆or the construction of a presidencia building, payable in ten annual amortized installments

6,000.00
 

MASBATE

Municipality of Masbate鈥攆or the construction of market tiendas, payable in ten annual amortized installments 

4,000.00
 

Province of Masbate鈥攆or the construction of waterworks, payable in ten annual amortized installments

36,000.00
 

MINDORO

Municipality of Calapan 鈥攆or the construction of a presidencia building, payable in ten annual amortized installments

14,000.00
 

MISAMIS

Province of Misamis鈥攆or the construction of the Oroquieta bridge, payable in five annual amortized installments

80,000.00
 

Municipality of Cagayan鈥攆or the construction of waterworks, payable in ten annual amortized installments

25,000.00
 

Municipality of Catarman鈥攆or the construction of waterworks, payable in ten annual amortized installments

7,000.00
 

NUEVA ECIJA

Municipality of Cabanatuan鈥攆or the construction of market tiendas, payable in five annual amortized installments

50,000.00
 

Municipality of Gapan鈥攆or the construction of a market building, payable in ten annual amortized installments

17,000.00
 

Municipality of San Antonio鈥攆or the drilling of artesian wells, payable in ten annual amortized installments

5,000.00
 

Municipality of Guimba鈥攆or the construction of a market building, payable in ten annual amortized installments

15,000.00
 

Municipality of Mu帽oz鈥攆or the completion of a market building, payable in ten annual amortized installments

30,000.00
 

Municipality of Quezon鈥攆or the drilling of artesian wells, payable in ten annual amortized installments
4,000.00
 

PALAWAN

Municipality of Puerto Princesa鈥攆or the reconstruction of waterworks, payable in five annual amortized installments

P1,500.00
 

OCCIDENTAL NEGROS

Province of Occidental Negros鈥攆or the construction of a bridge over the Danao River, payable in five annual amortized installments

50,000.00
 
Province of Occidental Negros鈥攆or the construction of a bridge over the Suay River, payable in five annual amortized installments
50,000.00
 

Municipality of Bago鈥攆or the construction of a market building at the mill site of the Ma-ao Sugar Central, payable in ten annual amortized installments
20,000.00
 

Municipality of Bago鈥攆or the construction of a school building, payable in five annual amortized installments
15,000.00
 

Municipality of Calatrava鈥攆or the construction of waterworks, payable in ten annual amortized installments

12,500.00
 
Municipality of Ilog鈥攆or the construction of a market building and for the acquisition of the site therefor, payable in ten annual amortized installments
16,000.00
 

Municipality of Isabela鈥攆or the construction of a market building, payable in ten annual amortized installments

20,000.00
 

Municipality of Manapla 鈥攆or the construction of a market building, payable in ten annual amortized installments

24,000.00
 

Municipality of Sagay鈥攆or the construction of a market building, payable in ten annual amortized installments 

12,000.00
 

Municipality of Silay鈥攆or the construction of a presidencia building, payable in ten annual amortized installments

20,000.00
 

Municipality of Valladolid鈥攆or the construction of a market building, payable in ten annual amortized installments

12,000.00
 

ORIENTAL NEGROS

Municipality of Ayuquitan鈥攆or the construction of a market building, payable in ten annual amortized installments

10,000.00
 

Municipality of Bacong鈥攆or the construction of a market building, payable in ten annual amortized installments

6,000.00
 

Municipality of Jimalalud鈥攆or the construction of a school building, payable in ten annual amortized installments

7,000.00
 

Municipality of Lazi鈥攆or the construction of a market building, payable in ten annual amortized installments

9,000.00
 

Municipality of Luzuriaga鈥攆or the construction of a school building, payable in ten annual amortized installments

4,000.00
 
Municipality of Manjuyod鈥攆or the construction of waterworks, payable in ten annual amortized installments 
6,000.00
 

Municipality of Sibulan鈥攆or the construction of a market building, payable in ten annual amortized installments
4,000.00
 

Municipality of Siquijor鈥攆or the improvement of waterworks, payable in five annual amortized installments 

2,500.00
 

Municipality of Tanjay鈥攆or the construction of waterworks, payable in ten annual amortized installments

17,000.00
 

Municipality of Tayasan鈥攆or the construction of a school building, payable in ten annual amortized installments

9,000.00
 

PAMPANGA

Municipality of Floridablanca鈥攆or the construction of an intermediate school, payable in ten annual amortized installments

12,000.00
 
Municipality of Lubao鈥攆or the construction of a school building, payable in ten annual amortized installments 
25,000.00
 

Municipality of Guagua鈥攆or the construction of waterworks, payable in ten annual amortized installments

20,000.00
 

Municipality of Mexico鈥攆or the construction of a school building, payable in ten annual amortized installments

18,000.00
 

Municipality of San Fernando鈥攆or the construction of a market building, payable in ten annual amortized installments

20,000.00
 

Municipality of San Fernando鈥攆or the construction of waterworks, payable in ten annual amortized installments

30,000.00
 
Municipality of San Simon鈥攆or the construction of a market building, payable in ten annual amortized installments
7,000.00
 

PANGASINAN

Municipality of Alaminos鈥攆or the construction of a market building, payable in ten annual amortized installments

12,000.00
 

Municipality of Bugallon鈥攆or the construction of a presidencia building, payable in ten annual amortized installments

7,000.00
 
Municipality of Malasiqui鈥攆or the construction of a market building, payable in ten annual amortized installments
30,000.00
 

Municipality of Mapandan鈥攆or the completion of the presidencia building, payable in five annual amortized installments
3,200.00
 


Municipality of Mangaldan鈥攆or the construction of a market building, payable in ten annual amortized installments

15,000.00
 

Municipality of Santa Barbara鈥攆or the construction of a market building, payable in ten annual amortized installments

15,000.00
 

Municipality of Umingan鈥攆or the construction of a presidencia building, payable in ten annual amortized installments

20,000.00
 
Municipality of Urdaneta鈥攆or the construction of market tiendas, payable in ten annual amortized installments
17,000.00
 

RIZAL

Municipality of Taguig鈥攆or the construction of a presidencia building, payable in ten annual amortized installments

12,000.00
 

ROMBLON

Municipality of Badajos鈥攆or the construction of waterworks, payable in ten annual amortized installments

9,000.00
 
Municipality of Cajidiocan鈥攆or the construction of waterworks, payable in ten annual amortized installments
4,000.00
 

Municipality of Odiongan鈥攆or the construction of waterworks, payable in ten annual amortized installments

15,000.00
 

SAMAR

Municipality of Allen鈥攆or the construction of a school building, payable in ten annual amortized installments

5,000.00
 
Municipality of Oras鈥攆or the construction of a presidencia building, payable in ten annual amortized installments
9,000.00
 

SORSOGON

Municipality of Bulan鈥攆or the construction of a market building, payable in ten annual amortized installments

8,000.00
 
Municipality of Bulusan鈥攆or the construction of a market building, payable in ten annual amortized installments
8,000.00
 

Municipality of Casiguran鈥攆or the construction of a market building, payable in ten annual amortized installments

15,000.00
 

TARLAC

Municipality of Camiling鈥攆or the construction of a school building, payable in ten annual amortized installments

18,000.00
 
Municipality of Capaz鈥攆or the construction of a school building, payable in ten annual amortized installments 
12,000.00
 

Municipality of Moncada鈥攆or the construction of a school building, payable in ten annual amortized installments

17,000.00
 

Municipality of Paniqui鈥攆or the construction of a presidencia building, payable in ten annual amortized installments

40,000.00
 

TAYABAS

Municipality of Atimonan鈥攆or the construction of waterworks, payable in ten annual amortized installments

50,000.00
 

Municipality of Calauag鈥攆or the construction of a market building, payable in ten annual amortized installments 

26,000.00
 

Municipality of Lopez鈥攆or the construction of a school building, payable in ten annual amortized installments 

24,000.00
 
Municipality of Gumaca鈥攆or the construction of a school building, payable in ten annual amortized installments 
50,000.00
 

Municipality of Lucban鈥攆or the construction of a school building, payable in ten annual amortized installments
30,000.00
 

Municipality of Macalelon鈥攆or the construction of a school building, payable in ten annual amortized installments

8,000.00
 
Municipality of Tayabas鈥攆or the construction of a school building, payable in ten annual amortized installments 
50,000.00
 

ZAMBALES

Municipality of Santa Cruz鈥攆or the completion of a presidencia building, payable in five annual amortized installments

2,000.00
 

Municipality of San Antonio鈥攆or the construction of waterworks, payable in ten annual amortized installments

8,600.00
 

Total

3,024,900.00
 

SEC. 2. The loans granted in section one of this Act shall be released by the Insular Treasurer and all repayments thereon, together with the interests paid, shall accrue to the reimbursable account created by Act Numbered Three thousand three hundred and thirty-five, to be invested in loans to provinces, municipalities, and chartered cities under the conditions provided in that Act.

SEC. 3. The sum of sixty-five thousand pesos is also hereby appropriated from the funds to accrue to the reimbursable account created by Act Numbered Three thousand three hundred and thirty-five to be loaned to the following province and municipality in the sums and for the purposes, respectively, herein specified, and under the terms, conditions, and limitations as prescribed and approved by the Loan Board created by said Act Numbered Three thousand three hundred and thirty-five: 

Municipality of Leon, Province of Iloilo鈥攆or the construction of a market building, payable in ten annual amortized installments
P15,000.00
 
Province of Nueva Ecija鈥攆or the construction of a bridge over the Binituan River, payable in ten annual amortized installments
50,000.00
 

These loans shall be released by the Insular Treasurer and the repayments and interests thereon shall be treated in the same manner as prescribed in section two of this Act.

SEC. 4. This Act shall take effect on its approval.

Approved, December 7, 1927.



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