Section 14
SEC. 14. Until a contract has been made with a private person, association, or corporation for the handling, custody, and delivery of merchandise, in accordance with section thirteen of this Act, the Board shall execute a bond, with an insurance company or bank as sureties, in such sum as the Governor-General may determine, conditioned upon the efficient handling, custody, and delivery by it of the merchandise and the prompt payment of losses. This bond shall be in favor of the Government of the Philippine Islands, for the benefit of whom it may concern, and any private person, company, or corporation owning such merchandise or an interest therein shall be entitled to collect on said bond to recover any damage due to negligence on the part of said Board in the handling, custody, and proper delivery of such merchandise.