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.

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.

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.

In plain language

This Act condones all debts incurred by local governments for the construction of public buildings, waterworks, markets, and other edifices destroyed during World War II, and assumes any bank debt related to such indebtedness.

Condones indebtedness of local governments for WWII destroyed public edifices

Assumes bank debt related to such indebtedness

Effectivity upon approval

Debt Condonation

Local Government

WWII

Public Buildings

[ REPUBLIC ACT NO. 839, March 26, 1953 ]

Be enacted by the Senate and House of Representatives of the Philippines in Congress assembled:

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.

Section 2

This Act shall take effect upon its approval.

Approved, April 4, 1953.

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.