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Republic Act
Approved June 16, 1953

Republic Act No. 879

An act to amend sections one and two of republic act numbered six hundred and one, as amended, otherwise known as the exchange tax law.

AN ACT TO AMEND SECTIONS ONE AND TWO OF REPUBLIC ACT NUMBERED SIX HUNDRED AND ONE, AS AMENDED, OTHERWISE KNOWN AS THE EXCHANGE TAX LAW.

In plain language

This Act amends sections 1 and 2 of Republic Act 601 (Exchange Tax Law) to impose a special excise tax of 17% on foreign exchange sold until June 30, 1954, and to specify a comprehensive list of exemptions for certain imports and uses.

  • Special excise tax of 17% on foreign exchange sold until June 30, 1954
  • Exemptions for rice, flour, canned milk, cattle and beef, canned fish, soya beans, butterfat, chocolate, malt, industrial starch, tapioca, stabilizer and flavors, vitamin concentrate, fertilizers, supplies and equipment for the Armed Forces, Civil Aeronautics Administration, agricultural machineries, poultry feed, textbooks, reference books, newsprint, book paper, anesthetics, antibiotics, vitamins, hormones, X-Ray films, laboratory reagents, biologicals, dental supplies, pharmaceutical drugs, medical and hospital supplies, drugs and medicines, and other specified items
tax
excise
exchange
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exemptions
Philippines

[ REPUBLIC ACT NO. 879, June 19, 1953 ]

AN ACT REORGANIZING THE MUNICIPAL BOARD OF THE CITY OF SAN PABLO, BY AMENDING SECTION ELEVEN OF COMMONWEALTH ACT NUMBERED FIVE HUNDRED AND TWENTY, AS AMENDED.

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

Section 1

Section eleven of Commonwealth Act Numbered Five hundred and twenty, as amended by Republic Act Numbered One hundred and sixty-three, is hereby further amended to read as follows:

"Section 11.Constitution and organization of the Municipal BoardCompensation of members thereof.The Municipal Board shall be the legislative body of the city and shall be composed of the Mayor, who shall be its presiding officer, the city treasurer, the city engineer, the city health officer, and five councilors who shall be elected at large by popular vote during every election for provincial and municipal officials in conformity with the provisions of the Revised Election Code. In case of sickness, absence, suspension or other temporary disability of any member of the Board, or if necessary to maintain aquorum, the President of the Philippines may appoint a temporary substitute who shall possess all the rights and perform all the duties of a member of the Board until the return to duty of the regular incumbent.

"If any member of the Municipal Board should be candidate for office in any election, he shall be incompetent to act with the Board in the discharge of the duties conferred upon it relative to election matters, and in such case the other members of the Board shall discharge said duties without his assistance, or they may choose some disinterested elector of the city to act with the Board in such matters in his stead.

"The Members of the Municipal Board of the City of San Pablo, who are not officers or employees of the Government receiving a fixed compensation or salary from public funds, shall each receive a compensation of two thousand pesosper annum.

Section 2

Pending the next election for provincial and municipal officers, the present two appointive Members of the Municipal Board of the City of San Pablo shall continue to occupy the two new elective positions in the said Board.

Section 3

This Act shall take effect upon its approval.

Approved, June 19, 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.