AN ACT TO FURTHER AMEND THE REVISED ELECTION CODE
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AN ACT TO FURTHER AMEND THE REVISED ELECTION CODE
Republic Act No. 4421
June 19, 1965
Case Overview and Summary
Posting of Bond by Candidates- All candidates for national, provincial, city, and municipal offices shall post a surety bond equivalent to one-year salary or emoluments of the position they are running for. (Section 36-A)
- The bond shall be forfeited in favor of the national, provincial, city, or municipal government if the candidate, except when declared the winner, fails to obtain at least 10% of the votes cast for the office they filed their candidacy for, provided there are not more than four candidates for the same office. (Section 36-A)
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AN ACT TO FURTHER AMEND THE REVISED ELECTION CODE
Republic Act No. 4421
•June 19, 1965
REPUBLIC ACT No. 4421
AN ACT TO FURTHER AMEND THE REVISED ELECTION CODE, AS AMENDED
Section 1. The Revised Election Code as amended, is further amended by inserting a new section, to be known as Section thirty-six-A, between Sections thirty-six and thirty-seven thereof, which shall read as follows:
"Sec. 36-A. Posting of bond by candidates; exception; forfeiture. All candidates for national, provincial, city and municipal offices shall post a surety bond equivalent to the one-year salary or emoluments of the position to which he is a candidate, which bond shall be forfeited in favor of the national, provincial, city or municipal government concerned if the candidate, except when declared the winner, fails to obtain at least ten percent of the votes cast for the office to which he has filed his certificates of candidacy there being not more than four candidates for the same office."
Section 2. This Act shall take upon its approval.
Approved: June 19, 1965
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