Republic Act No. 671 — AN ACT TO AMEND REPUBLIC ACT NUMBERED FOUR HUNDRED ONE ENTITLED "AN ACT TO CONDONE ALL UNPAID INTEREST ACCRUING FROM JANUARY FIRST, NINETEEN HUNDRED AND FORTY-TWO TO DECEMBER THIRTY-FIRST, NINETEEN HUNDRED AND FORTY-FIVE ON ALL OBLIGATIONS OUTSTANDING ON DECEMBER EIGHT, NINETEEN HUNDRED AND FORTY-ONE, AND TO APPLY PAYMENTS OF INTEREST PAID AFTER FEBRUARY TWENTY- EIGHT, NINETEEN HUNDRED AND FORTY-FIVE, TO THE PRINCIPAL OBLIGATION IF STILL OUTSTANDING, IN CERTAIN CASES."

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Republic Act No. 671

AN ACT TO AMEND REPUBLIC ACT NUMBERED FOUR HUNDRED ONE ENTITLED "AN ACT TO CONDONE ALL UNPAID INTEREST ACCRUING FROM JANUARY FIRST, NINETEEN HUNDRED AND FORTY-TWO TO DECEMBER THIRTY-FIRST, NINETEEN HUNDRED AND FORTY-FIVE ON ALL OBLIGATIONS OUTSTANDING ON DECEMBER EIGHT, NINETEEN HUNDRED AND FORTY-ONE, AND TO APPLY PAYMENTS OF INTEREST PAID AFTER FEBRUARY TWENTY- EIGHT, NINETEEN HUNDRED AND FORTY-FIVE, TO THE PRINCIPAL OBLIGATION IF STILL OUTSTANDING, IN CERTAIN CASES."

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Section 1 Section 2 Section 3 Section 4 Section 5

Section 1

Section 1. Section one of Republic Act Numbered Four hundred one is hereby amended to read as follows:

Section 2

Section 2. Section two of Republic Act Numbered Four hundred one is hereby amended to read as follows:

Section 3

Section 3. Section three of Republic Act Numbered Four hundred one is hereby amended to read as follows:

Section 4

Section 4. A new section, to be denominated as section 3-A, is hereby inserted after section three of Republic Act Numbered Four hundred one, to read as follows:

"Section 3-A. If any section of this Act, or part thereof, shall be held invalid, the remainder of the section, or of this Act shall not be affected thereby."

Section 5

Section 5. This Act shall take effect fifteen days after its publication in the—Official Gazette.

Approved, June 16, 1951.