SEC. 2. The Governor-General is further authorized to sell said bonds on such terms as are most favorable to the municipalities of Santa Cruz and Majayjay, in the Province of Laguna, and Santa Lucia, in the Province of Ilocos Sur, and to deposit the proceeds of such sale or sales with an authorized depository of the Government of the Philippine Islands: Provided, That none of said bonds shall be sold at less than par or face value.
Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026
CitationAct No. 2773 Section 2 (LawPlayer, data as of July 4, 2026)
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).
