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[ Act No. 2640., February 24, 1916 ]
AN ACT TO AMEND SECTIONS TWO HUNDRED AND FIFTY-SIX AND FIVE HUNDRED AND SIXTY-NINE OF ACT NUMBERED ONE HUNDRED AND NINETY, KNOWN AS THE "CODE OF PROCEDURE IN CIVIL ACTIONS AND SPECIAL PROCEEDINGS IN THE PHILIPPINE ISLANDS."
By authority of the United States, be it enacted by the Philippine Legislature, that:
SECTION 1. Section two hundred and fifty-six of Act Numbered One hundred and ninety, known as the "Code of Procedure in Civil Actions and Special Proceedings in the Philippine Islands," is hereby amended so as to read as
follows:
"SEC. 256. Trial and judgment in foreclosure suits.-If upon trial in such action the court shall find the facts set forth in the complaint to be true, it shall ascertain the amount due to the plaintiff upon the mortgage debt or obligation, including interest and costs, and shall render judgment for the sum so found due and order that the same be paid into court within a period of not less than three months from and after the date on which the order was made, and that in default of such payment the land shall be sold to realize the mortgage debt and costs."
SEC. 2. Section five hundred and sixty-nine of Act Numbered One hundred and ninety is hereby amended by adding at the end thereof, the following:
"The provisions of this section shall be understood to be applicable to the constitution of any charge or encumbrance upon such real estate."
SEC. 3. This Act shall take effect on its passage.
Enacted, February 24, 1916.
SECTION 1. Section two hundred and fifty-six of Act Numbered One hundred and ninety, known as the "Code of Procedure in Civil Actions and Special Proceedings in the Philippine Islands," is hereby amended so as to read as
follows:
"SEC. 256. Trial and judgment in foreclosure suits.-If upon trial in such action the court shall find the facts set forth in the complaint to be true, it shall ascertain the amount due to the plaintiff upon the mortgage debt or obligation, including interest and costs, and shall render judgment for the sum so found due and order that the same be paid into court within a period of not less than three months from and after the date on which the order was made, and that in default of such payment the land shall be sold to realize the mortgage debt and costs."
SEC. 2. Section five hundred and sixty-nine of Act Numbered One hundred and ninety is hereby amended by adding at the end thereof, the following:
"The provisions of this section shall be understood to be applicable to the constitution of any charge or encumbrance upon such real estate."
SEC. 3. This Act shall take effect on its passage.
Enacted, February 24, 1916.