Republic Act No. 22 September 25, 1946
AN ACT PROVIDING FOR THE CREATION OF AN EMERGENCY CURRENCY BOARD, THE REGISTRATION, DEPOSIT AND OUTLAWING OF EMERGENCY CURRENCY NOTES, AND FOR OTHER PURPOSES
Section 1. This Act may be cited as the "Emergency Currency Registration and Deposit Act of 1946."
Section 2. There is hereby created an Emergency Currency Board (in this Act referred to as the Board). The Board shall consist of three members, to be appointed by the President of the Philippines, with the consent of the Commission on Appointments, from among persons now in the service of the Government or from among persons in private life. The members of the Board who are not Government officers shall receive such compensation as may be fixed by the President in their appointments. The terms of office of the members of the Board shall expire at the time fixed in section twelve for winding up the affairs of the Board. A vacancy in the membership of the Board shall not impair the authority of the...
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