Section 1
SECTION 1. Section four of Act Numbered Twenty-six hundred and ninety-nine, entitled "An Act to provide certain facilities for the administration of the Manila Railroad Company," is hereby amended to read as follows: "SEC. 4. The Manila Railroad Company is hereby exempted, until December thirty-first, nineteen hundred and twenty, from all taxes of every name and nature, either municipal, provincial, or Insular, upon its capital stock, franchises, right-of-way, earnings, and upon all property owned or operated by it. "Until December thirty-first, nineteen hundred and twenty, no specific tax shall be collected on any article sold and delivered directly to the Manila Railroad Company."