Section 4
SEC. 4. The Governor-General, on behalf of the Government of the Philippine Islands, shall subscribe for not less than fifty-one per cent of said capital stock, and the remainder may be offered to the provincial and municipal governments or to the public at a price not below par which the board of directors shall from time to time determine. Ten per centum of the value of all stock subscribed shall be paid at the time of the subscription, and the balance thereof shall be paid at such time as shall be prescribed by the board of directors. The power to determine the number of shares of stock to be acquired by the Government of a the Philippine Islands and the voting power of all such stock shall be vested exclusively in a committee consisting of the Governor-General, the President of the Senate and the Speaker of the House of Representatives.