Section 5
SEC. 5. Commencing with the fiscal year ending December thirty-first, nineteen hundred and seventeen, and each succeeding year thereafter until the sinking fund hereinafter provided for shall be equal to the par value of the outstanding bonds, a continuing annual appropriation is hereby made, authorized to be paid out of any funds in the Insular Treasury not otherwise appropriated, of nine thousand six hundred and eighty-five pesos and sixty-seven centavos, or so much thereof as may be necessary. Said sum so appropriated and the interest thereon shall be invested by the Insular Treasurer in such manner as may be approved by the Secretary of Finance, and shall constitute a sinking fund for the payment of said bonds, which shall be known as Iloilo public works loan sinking fund. The sinking fund hereby created shall be adjusted annually in such manner that the total thereof at each annual due date of the bond issue shall be equal to the total of an annuity of one thousand nine hundred and thirty-seven pesos and thirteen centavos for each one hundred thousand pesos of bonds outstanding, with interest at the rate of three and one-half per centum per annum, to commence with the date of issue of said bonds.