An Act Condoning the Payment of Interests Due on Friar Lands Within the Talisay-Minglanilla Estate, Province of Cebu, for the Period from January One, Nineteen Hundred Forty-Two to March Ten, Nineteen Hundred Forty-Five
Year:
1949
Category:
Other
Date Approved:
June 18, 1949
Summary
Plain-language AI-assisted summary — not the official text. As of July 1, 2026. Read the full text below or on the official source.
This Act waives the collection of interest on friar lands within the Talisay-Minglanilla Estate in Cebu for the period from January 1, 1942, to March 10, 1945. It ensures that no reimbursements will be made for interest already paid during this period.Full Text
REPUBLIC ACT No. 393
An Act Condoning the Payment of Interests Due on Friar Lands Within the Talisay-Minglanilla Estate, Province of Cebu, for the Period from January One, Nineteen Hundred Forty-Two to March Ten, Nineteen Hundred Forty-Five
Be it enacted by the Senate and House of Representatives of the Philippine Congress Assembled:
Section 1. The collection of interest for the period from January one, nineteen hundred forty-two to March ten, nineteen hundred forty-five, on friar lands within the Talisay-Minglanilla Estate, Province of Cebu, which were sold but not yet fully paid for and finally conveyed to the respective purchasers under the provisions of Act Eleven hundred twenty and Commonwealth Act Numbered Thirty-two, as amended, is hereby waived.
Section 2. No payment already made in the concept of interest for the period stated in the preceding section shall be reimbursed, but any payment made after the liberation of the Province of Cebu on account of interest due on any lot within the said estate may be applied to the payment of installments, if any, that may be due on the same lot.
Section 3. This Act shall take effect upon its approval.
Approved: June 18, 1949.
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