In all other cases, on the defendant in person. On the lapse of one year from the date on which this Act takes effect and on petition of the aforesaid interested parties, registrars shall cancel the mortgage referred to in this section, without need of any notice whatever, if the filing of suit to recover the same or the subsistence of such liens is not shown in the registry. Section 3.-On their own motion or at the request of a party, Registrars of Property shall cancel entries of attachment by reason of taxes, in the lapse of one year from the date of the entry. Section 4.-The foregoing sections shall be known as section 388 a, 388-6 and 388-c, respectively, of the Mortgage Law, and shall be inserted in the corresponding place in said legal body in any official reprint that may be made thereof. Section 5. It is hereby declared that an emergency exists justifying the immediate taking effect of this Act, and, therefore, it shall take effect on the date of its approval. Section 6.-All laws in conflict herewith are hereby repealed. Approved, August 29, 1923. [No. 13.] TO AUTHORIZE THE ISSUANCE OF BONDS OF THE PEOPLE OF PORTO RICO IN THE AMOUNT OF SIX MILLION (6,000,000) DOLLARS FOR THE CONSTRUCTION OF PUBLIC IMPROVEMENTS; TO PROVIDE FUNDS FOR THE PAYMENT OF SAID BONDS AND FOR OTHER PURPOSES. Be it enacted by the Legislature of Porto Rico: Section 1.-That for the purpose of securing additional funds to complete the construction of the capitol building; to carry out the plan of rural roads in the manner and form in which it was ap proved by the Legislature of Porto Rico, April 13, 1916; for the purchase of ground for the erection of school houses, for a penitentiary, for an insane asylum, for a leper asylum, for a reform school for girls, for an institute for blind children, for five insular buildings, for an industrial school, for four district hospitals, for four additional agricultural farms, for carrying out the purposes of "An Act to create a Commission of 'rural improvements' and to determine its functions and duties; to provide for the construction and maintenance of consolidated schools in rural zones and for the con dores, a instancia de las personas interesadas ya indicadas, procederán a la cancelación de las hipotecas referidas en esta sección, sin necesidad de notificación alguna, si no se hubiere acreditado en el registro la interposición de la demanda en cobro de la misma o la de subsistencia de tales gravámenes. Sección 3. Los registradores de la propiedad procederán a cancelar de oficio o a instancia de parte las anotaciones de embargo por razón de contribuciones, al transcurrir un año desde la fecha de la anotación. Sección 4. Las secciones precedentes se denominarán sección 388 a, 388 b y 388 c, respectivamente, de la Ley Hipotecaria y se insertará en el lugar correspondiente de este texto legal en cualquier reimpresión oficial del mismo que se hiciere. Sección 5. Por la presente se declara que existe una emergencia que justifica la vigencia inmediata de esta Ley, y por tanto la misma. regirá desde la fecha de su aprobación. Sección 6. Toda ley que se oponga a la presente quedará derogada. Aprobada el 29 de agosto de 1923. [No. 13.] PARA AUTORIZAR LA EMISION DE BONOS DE EL PUEBLO DE PUERTO RICO POR LA SUMA DE SEIS MILLONES (6,000,000) DE DOLARES PARA LA CONSTRUCCION DE MEJORAS PUBLICAS; PROVEER FONDOS PARA EL PAGO DE DICHOS BONOS Y PARA OTROS FINES. Decrétase por la Asamblea Legislativa de Puerto Rico: Sección 1.-Con el fin de obtener fondos adicionales para terminar la construcción del edificio del Capitolio, para verificar el plan de carreteras rurales tal y como fué aprobado por la Asamblea Legislativa de Puerto Rico en 13 de abril de 1916, para la compra de terrenos para la construcción de casas escuelas, una Penitenciaría, un Manicomio, un Leprocomio, una Escuela Reformatoria para niñas, un Instituto para niños ciegos, cinco edificios insulares, una Escuela Industrial, cuatro hospitales de distrito; para cuatro granjas agrícolas adicionales; para cumplir los fines de la "Ley para crear una Comisión de 'mejoras rurales' y determinar sus funciones y deberes; para disponer la construcción y sosteni struction and maintenance of a system of vicinal roads and the installation and operation of agricultural farms; to create a rural improvements fund under the control of said Commission; to provide the necessary financial means to carry out the purposes of this Act; to establish civil registries, cemeteries, dispensaries and emergency hospitals in certain rural zones, and for other purposes", for the extension of the Sanatorium for Tuberculosis patients, and for school houses and for the completion of the San Juan High School building, for buildings for the university, the Treasurer of Porto Rico is hereby authorized, empowered and directed to issue bonds of The People of Porto Rico to the amount of ($6,000,000) six million dollars, which sum shall be applied to the carrying out of the works herein below stated in the proportion assigned for each of them : To complete the construction of the Capitol-- For the Penitentiary. For the Insane Asylum-_. For the Leper Asylum--. For the Reform School for Girls---. For the Institute for Blind Children-- For the extension of the Sanatorium for Tuberculosis For the completion of the San Juan High School. For the purchase of grounds, equipment and con- For an Industrial School---. For four Insular Hospitals at a cost of $100,000.00 each For buildings for the University-. For four additional agricultural farms and for a com $750,000.00 750,000.00 750,000.00 100, 000, 00 100, 000. 00 50,000.00 100,000.00 200, 000, 00 1, 000, 000. 00 800, 000, 00 200, 000, 00 250,000.00 100, 000, 00 400, 000, 00 200,000.00 miento de escuelas consolidadas en las zonas rurales y la construcción y conservación de una red de carreteras vecinales y la instalación y operación de granjas agrícolas; para crear un fondo de mejoras rurales bajo el control de dicha Comisión; para proveer los medios económicos necesarios para llevar a efecto los propósitos de esta Ley; para establecer registros civiles, cementerios, dispensarios y salas de emergencia en ciertas zonas rurales, y para otros fines, para ampliar el Sanatorio para Tuberculosos y casas escuelas y para la terminación de la Escuela Superior de San Juan, para Edificios para la Universidad por la presente se autoriza y faculta al Tesorero de Puerto Rico para emitir y se le ordena que emita bonos de El Pueblo de Puerto Rico por la cantidad de seis millones (6,000,000) de dólares, cuyo montante se aplicará a la realización de las obras que a continuación se relacionan en la proporción asignada para cada una de ellas: Para terminar la construcción del Capitolio Para la Penitenciaría__ Para el Manicomio___ Para el Leprocomio_ Para la Escuela Reformatoria para niñas Para el Instituto para niños ciegos-- Para ampliar el Sanatorio para Tuberculosos. Para compra de terrenos, equipo y construcción de Para construir un edificio insular destinado a la Para cuatro hospitales Insulares a un costo de Para edificios para la Universidad‒‒‒‒ plir los fines de la "Ley para crear una Comisión $750,000.00 750, 000, 00 750,000.00 100, 000, 00 100, 000. 00 50,000.00 100, 000. 00 200, 000. 00 1,000,000.00 800, 000, 00 200, 000, 00 250,000.00 100, 000. 00 400,000.00 200,000.00 pliance with the purposes of An Act to create a Commission of 'rural improvements' and to determine its functions and duties; to provide for the construction and maintenance of consolidated schools in rural zones and for the construction and maintenance of a system of vicinal roads and the installation and operation of agricultural farms; to create a rural improvements fund under the control of said Commission; to provide the necessary financial means to carry out the purposes of this Act; to establish civil registries, cemeteries, dispensaries, and emergency hospitals in certain rural zones, and for other purposes", which shall be covered into the rural improvements fund created by the present Legislature.- In all. $250,000.00 $6, 000, 000, 00 Section 2. That the said bonds may be in coupon form or registered, or both. The coupon bonds if any, may be made exchangeable for registered bonds under such regulations as may be prescribed thereon. The bonds may be partly or wholly of the following denominations: One thousand (1,000) dollars; five thousand (5,000) dollars and ten thousand (10,000) dollars. They shall be dated July 1, 1923, and shall bear interest at a rate not to exceed five (5) per cent a year, which interest shall be paid semi-annually on the first day of January and July of each year. The bonds shall be issued, in whole or in part, in series to mature as follows: |