REPUBLIC ACT NO. 1623 - AN ACT APPROPRIATING FIFTEEN MILLION PESOS OUT OF THE PROCEEDS OF THE SALES OF BONDS AUTHORIZED UNDER REPUBLIC ACT NUMBERED ONE THOUSAND FOR THE EXTENSION OF THE SOUTHERN LINE OF THE MANILA RAILROAD COMPANY FROM THE MUNICIPALITY OF DARAGA, PROVINCE OF ALBAY, TO THE MUNICIPALITY OF MATNOG, PROVINCE OF SORSOGON.

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

SECTION 1. The amount of fifteen million pesos is appropriated, out of the proceeds of the sales of bonds authorized under Republic Act Numbered One thousand, upon recommendation of the National Economic Council for the extension of the southern line of the Manila Railroad Company from the Municipality of Daraga, Province of Albay, to the Municipality of Matnog, Province of Sorsogon.

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

Approved, June 13, 1957.