An Act Amending Section One of Republic Act Numbered Eight Hundred Thirty-Nine
Year:
1955
Category:
Other
Date Approved:
June 14, 1955
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 amends Section One of Republic Act Numbered Eight Hundred Thirty-Nine, condoning all indebtedness incurred by provincial, city, or municipal governments for constructing government buildings and other public edifices that were destroyed during the last world war. It also stipulates that if any war damage payment was received, an equivalent amount must be paid to the creditor.Full Text
REPUBLIC ACT No. 1279
An Act Amending Section One of Republic Act Numbered Eight Hundred Thirty-Nine
Be it enacted by the Senate and House of Representatives of the Philippine Congress Assembled:
Section 1. Section one of Republic Act Numbered Eight hundred thirty-nine is hereby amended to read as follows:
Section 2. This Act shall take effect upon its approval.
Approved: June 14, 1955.
"Sec. 1. All indebtedness incurred by provincial, city of municipal governments for the purpose of constructing government buildings, waterworks system, markets and any other public edifices which were subsequently destroyed during the last world war are hereby condoned by the National Government, and if the provincial, city or municipal governments incurred such indebtedness from the National Government, the same shall be assumed by any bank or financial institution owned or controlled by the National Government: Provided, However, That if war damage payment was received by any such local government, an amount equivalent to such payment shall be paid by such local government to the creditor."
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Republic Acts are laws passed by the Congress of the Philippines. This content is sourced from LawPhil (lawphil.net) for reference purposes. For official and authoritative texts, please refer to the Official Gazette.