Preamble
Whereas, it is expected that the Congress of the United States will before the next session of the Philippine Legislature authorize the issuance of bonds in excess of the amount now authorized under existing Acts of Congress to be issued; and, Whereas, it may be to the interest of the Government of the Philippine Islands to arrange for the issue, and to issue and sell a part or all of said bonds so authorized to be issued before the next session of the Philippine Legislature, now, therefore, By authority of the United States, be it enacted by the Philippine Legislature, that: