REPUBLIC ACT NO. 2053 - AN ACT TO AUTHORIZE THE PHILIPPINE CHARITY SWEEPSTAKES OFFICE TO HOLD ANNUALLY A LOTTERY FOR THE BENEFIT OF THE BLOOD BANK.

Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:

SECTION 1. The Philippine Charity Sweepstakes Office is authorized to hold annually a lottery, the whole proceeds of which shall after deducting the prices and expenses as provided for in Republic Act Numbered Eleven hundred sixty-nine, as amended, be turned over to the Blood Bank for its support and maintenance: Provided, That the proceeds from the first lottery under this Act shall be used exclusively for the construction of a blood bank building and the purchase of equipment and medicines.

SEC. 2. This Act shall take effect upon its approval.

Approved, June 4, 1958.