Section 1
SECTION 1. The Manila Railroad Company is hereby authorized to discontinue its line of railroad between the municipalities of Taytay and Antipolo, in the Province of Rizal, and to dispose of the property real and personal appertaining to said lines in such manner and upon such terms as may be deemed most advantageous to the interests of the Manila Railroad Company by the directors of said company and the trustee of the mortgage covering said property. The proceeds of the sale of such property as is covered by the mortgages to protect the bond holders, shall be applied as in said mortgage provided.