Section 16
SEC. 16. Every person who knowingly, and with intent to defraud, utters, passes, or puts off, in payment or negotiation, within the Philippine Islands, any such false, forged, or counterfeit bond, certificate obligation, security, treasury note, bill, or promise to pay. as mentioned in the preceding section of this Act, whether the same was made, altered, forged, or counterfeited within the Philippine Islands or not, shall be punished by a fine of not more than six thousand pesos and by imprisonment for not more than three years.