ing sections each regularly and permanently appointed officer or employee of the National Government, the provincial government, the government of a chartered city, of a municipality or municipal district in any regularly and specially organized province, other than those mentioned in sections two hundred sixty-eight, two hundred seventyone and two hundred seventy-four hereof, shall be entitled to fifteen days of sick leave for each year of service with full pay, inclusive of Sundays and holidays: Provided, That such sick leave will be granted by the President, Head of Department or independent office concerned, or the chief of office in case of municipal employees, only on account of sickness on the part of the employee concerned or of any member of his immediate family, not due to vicious and immoral habits, intemperance, or willfull misconduct." SEC. 2. This Act shall take effect upon its approval. Enacted, without Executive approval, June 18, 1939. 31730 SECOND NATIONAL ASSEMBLY First Session [COMMONWEALTH ACT No. 455] B. No. 1080 AN ACT TO AMEND SECTIONS THREE HUNDRED THIRTY-SEVEN, THREE HUNDRED THIRTYEIGHT, AND THREE HUNDRED FORTY OF THE ADMINISTRATIVE CODE. Be it enacted by the National Assembly of the Philippines: SECTION 1. Sections three hundred thirty-seven, three hundred thirty-eight, and three hundred forty of the Administrative Code are amended so as to read as follows: "SEC. 337. Properties insurable in the property insurance fund.-Vessels and craft, machinery, permanent buildings, property therein, property in rented buildings, belonging to the Government or to the companies or corporations the majority of the stock of which is held by the National Government, shall be insured, or insurable in the property insurance fund, against destruction or damage resulting from fire, earthquake, storm, or other casualty, in accordance with the provisions hereof." "SEC. 338. How insurance effected. The property of a province, chartered city, municipality, or other local political division, or of any of the companies or corporations mentioned in the next preceding section hereof, may only be insured in this fund with the approval of the Secretary of Finance, upon application made by proper board, council, or directors of the government division, company, or corporation in question: Provided, That the treasurer of the Philippines shall have discretionary power to recommend the disar proval of a portion or the whole amount. of the insurance applied for by the companies or corporations aforesaid through their respective boards of directors: And provided, further, That, such property, or part thereof, as may not be insurable or acceptable for insurance in the 31826 property insurance fund may be insured with any private insurance company. The premium rates for such insurance shall be as fixed by the Treasurer of the Philippines with the approval of the Secretary of Finance. Property of the National Government insurable under the next preceding section hereof shall be insured in said fund without charge, and shall be deemed to be so insured solely by virtue hereof, without formality of any sort." "SEC. 340. Constitution of property-insurance fund.The property-insurance fund shall be constituted and maintained as a permanent reimbursable fund, and shall consist of all moneys that heretofore have been or should have been lawfully covered into the 'insurance fund' as heretofore constituted, and of its own future accretions resulting either from profit on investments, from premiums, or from the continuing annual appropriation thereto. "Until such time as the property-insurance fund shall reach two million pesos there shall accrue to it, from any funds in the National Treasury not otherwise appropriated, a continuing annual appropriation of one hundred thousand pesos and thereafter a similar appropriation of such sum or sums, not in excess of one hundred thousand pesos, as may be necessary to maintain the fund at that level. "In case the total claims payable from the fund shall at any time exceed the capital, surplus, and reserves pertaining thereto, the amount necessary to cover such deficit shall be advanced from the general surplus of the National Government until such time as the overdraft shall have been offset by the future net earnings of the fund. "The property insurance fund shall also be available for the payment of such expenses of administration and operation of the fund as may be incurred in carrying out the provisions of this chapter." SEC. 2. This Act shall take effect upon its approval. 31826 TENTH PHILIPPINE LEGISLATURE First Session [No. 4143] S. No. 62 AN ACT TO AMEND SECTION THREE HUNDRED FORTY-FOUR OF ACT NUMBERED TWENTYSEVEN HUNDRED AND ELEVEN, KNOWN AS THE ADMINISTRATIVE CODE, EXEMPTING CERTAIN PROPERTY FROM TAXATION. Be it enacted by the Senate and House of Representatives of the Philippines in Legislature assembled and by the authority of the same: SECTION 1. Section three hundred forty-four of Act Numbered Twenty-seven hundred and eleven, known as the Administrative Code, is hereby amended to read as follows: "SEC. 344. Property exempt from tax.-The exemption shall be as follows: "(a) Property owned by the United States of America, the Government of the Philippine Islands, or by any province or municipality in the Philippine Islands. "(b) Cemeteries or burial grounds. "(c) Churches and parsonages or conventos appurtenant thereto, and all lands, buildings, and improvements used exclusively for religious, charitable, scientific, or educational purposes; but this exemption shall not extend to property held for investment, or which produces income, even though the income be devoted to some one or more or the purposes above specified. "(d) When the entire assessed valuation of real property in any one municipality, belonging to a single owner, shall be less than the sum of fifty pesos, the tax thereon shall not be collected, though in any event the property shall be valued for the purposes of assessment and record shall be kept thereof as in other cases. "(e) Land held by a homesteader under an application filed in accordance with law, prior to the vesting of title 288504 in him by the issuance of a patent; but this exemption does not extend to building and improvements thereon the title of which is not in the Government. "(f) Machinery, which term shall embrace machines, mechanical contrivances, instruments, tools, implements, appliances, and apparatus used for industrial, agricultural, or manufacturing purposes. "(g) Fruit trees and bamboo plants, except where the land upon which they grow is planted principally to such growth. "(h) For a period of five years from January first, nineteen hundred thirty-five, land used for airports or landing fields open to all aircraft operations, either free of charge or upon the payment of a nominal charge, together with such improvements thereon as are used exclusively for aëronautical purposes, provided such airports or landing fields and improvement thereon are certified by the Secretary of Public Works and Communications as being approved and suitable for all types of land aircraft and such airports and landing fields and improvements are necessary facilities for air commerce. Provided, however, That each such airports or landing fields shall have an area not to exceed one hundred hectares: Provided, further, That the said airports or landing fields exempted from taxation under this item (h) shall revert to their original taxation status upon the recommendation of the Secretary of Public Works and Communications that such airports or landing fields and improvements thereon are no longer necessary or suitable facilities for air commerce." SEC. 2. This Act shall take effect on January first, nineteen hundred and thirty-five. Approved, November 26, 1934. 288504 О |