Republic Act No. 1544: An act to authorize the central bank of the philippines to issue duplicate copies of interest-bearing securities destroyed, defaced, lost or stolen, issued by the government of the philippines, or any or its political subdivisions, instrumentalities or wholly-owned government corporations, the principal and/or interest of which is guaranteed by the national government, and for other purposes

Republic Act No. 1544

An act to authorize the central bank of the philippines to issue duplicate copies of interest-bearing securities destroyed, defaced, lost or stolen, issued by the government of the philippines, or any or its political subdivisions, instrumentalities or wholly-owned government corporations, the principal and/or interest of which is guaranteed by the national government, and for other purposes

An Act to Authorize the Central Bank of the Philippines to Issue Duplicate Copies of Interest-Bearing Securities Destroyed, Defaced, Lost or Stolen, Issued by the Government of the Philippines, or Any or its Political Subdivisions, Instrumentalities or Wholly-Owned Government Corporations, the Principal and/or Interest of Which is Guaranteed by the National Government, and for Other Purposes

In plain language

The Republic Act authorizes the Central Bank of the Philippines to issue duplicate copies of interest‑bearing securities that have been destroyed, defaced, lost or stolen, subject to conditions regarding ownership, proof, and bond indemnity. It establishes procedures for filing bonds, limits on claim periods, and circumstances where a bond of indemnity is not required.

Authorization of duplicate issuance for destroyed/defaced/lost securities

Requirement of bond of indemnity by owners

Limit of two‑year claim period

Exemption of bond in specific circumstances

Definition of interest‑bearing security

Central Bank

Interest‑bearing securities

Duplicate issuance

Bond indemnity

Defaced

Lost

REPUBLIC ACT No. 1544

An Act to Amend Item 21(s), Ilocos Sur, Paragraph (e), Subsection B, Section One of Republic Act Numbered Nine Hundred Twenty

Be it enacted by the Senate and House of Representatives of the Philippine Congress Assembled:

Section 1

Item 21 (s), Ilocos Sur, paragraph (e), subsection B, section one of Republic Act Numbered Nine hundred twenty, is amended to read as follows:

| "(s) Pudoc Barrio School | ₱1,000.00 |

| --- | --- |

| "(s-1) Becques Home Economics | 1,000.00 |

| "(s-2) Libtong Barrio School | 1,000.00" |

Section 2

This Act shall take effect upon its approval.

Approved: June 16, 1956.

For information and research only, and not legal advice. This text may not reflect later amendments. For certified copies, refer to the Official Gazette or the issuing agency.