Section 2
SEC. 2. The money appropriated in section one of this Act shall be paid by the Insular Treasurer to the treasurer of the Province of Batangas on the presentation to the Insular Treasurer of a certified copy of a resolution of the provincial board of Batangas accepting such loan and agreeing to repay the same, without interest, as follows: Two thousand five hundred pesos, Philippine currency, within two years from the date of the acceptance of the loan, and one thousand pesos, Philippine currency, each year thereafter until the full amount of the loan has been repaid to the Insular Treasury.