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Act No. 2780 Section 5

Act No. 2780 Section 5

Section 5

SEC. 5. There is hereby created a continuing appropriation, out of any funds in the Insular Treasury not otherwise appropriated, for the purpose of creating and maintaining a sinking fund for the redemption at their maturity of the bonds the issue whereof is authorized by this Act. The sinking fund hereby created shall be formed annually, beginning with the year of the issue of the bonds, in such manner that the amount thereof at each annual due date shall equal the amount of an annuity of nineteen thousand three hundred and seventy-one pesos and thirty-three centavos for each million of the par value of all said bonds.

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Other provisions in Act No. 2780

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. 2780 Section 5 (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).

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