AN ACT AMENDING SECTIONS ONE AND SEVEN OF
REPUBLIC ACT
NUMBERED SEVENTEEN, ENTITLED "AN ACT TO PROVIDE FOR THE CIRCULATION OF
TREASURY CERTIFICATES WITH THE OFFICIAL SEAL OF THE REPUBLIC OF THE
PHILIPPINES STAMPED, PRINTED OR SUPERIMPOSED THEREON, AND FOR OTHER
PURPOSES"
Section 1. Sections one and seven of
Republic Act
Numbered Seventeen are amended to read as follows:
"Sec. 1. The Reserve Vault Committee provided for in
section sixteen hundred and twenty-five (e) of the Revised Administrative
Code is hereby authorized and directed to cause the official seal of the
Republic of the Philippines to be stamped, printed or superimposed on all
the unissued Treasury certificates in its possession and on all Treasury
certificates that will hereafter come into its possession, and shall not
issue or cause to be issued, after the expiration of the period for the
stamping of Treasury certificates with the seal of the Republic of the
Philippines provided for in this Act, any Treasury certificates that has not
previously been so stamped, printed or superimposed with the official seal
of the Republic of the Philippines. The Reserve Vault Committee shall
determine the manner of effecting the above purpose."
"Sec. 7. The President of the Philippines is hereby
authorized to extend the periods provided for in sections three, five, and
six of this Act for periods of not more than three months in each case, but
in no case beyond March thirty-first, nineteen hundred and forty-eight, if
in his opinion, public interest warrants such extension."
Section 2. This Act shall take effect upon its
approval.
Approved: March 4, 1947