Section 16
SEC. 16. Before any license is issued to any wholesale dealer in opium, of to any dispensator of opium, the Collector of Internal Revenue shall require that such wholesale dealer or dispensator of opium shall execute to the Government of the Philippine Islands a good and sufficient bond in the sum of ten thousand pesos, duly approved by the Collector of Internal Revenue, and conditioned that said wholesale dealer or dispensator of opium will well and truly pay the internal-revenue taxes, tines, and penalties imposed by this Act; that he will not withdraw or remove any opium from the place in which it is lawfully kept or stored except as prescribed by this Act, or by regulations of the Collector of Internal Revenue made hereunder and approved by the Secretary of Finance and Justice; and that ho will well and truly comply with the provisions of this Act and perform all the duties by it required of him to be performed.