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PHILIPPINE LAWS, STATUTES & CODES
A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
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Section 1. The provisions of Act Numbered Twenty-eight hundred eighteen, as amended, entitled, "An Act to encourage the rice and corn production in the Philippine Islands, to appropriate the necessary fund therefor and for other purposes," to the contrary notwithstanding, the National Loan and Investment Board is hereby authorized to loan the fund appropriated by said Act with all its income not only to agricultural credit cooperative associations organized under Act Numbered Twenty-five hundred and eight, as amended, but also to cooperative marketing associations organized under Act Numbered Thirty-four hundred and twenty-five, as amended, such fund to be available for loans not only for the purpose of increasing the production of rice and corn in the Philippines but also for the stable, orderly, and profitable marketing of agricultural products; and the said fund shall hereafter be made a revolving fund to be used exclusively for the purposes specified in this Act. Section 2. Section 3. Section 4. Section 5. Section 6. Section 7. |
Since 19.07.98.