SECTION 1. The Governor-General is hereby authorized and directed to subscribe for and purchase on behalf of the Government of the Philippine Islands, whenever the financial situation of the Government permits it, seventy thousand shares of the capital stock of the Manila Railroad Company of the Philippine Islands, of the par value of fourteen million pesos.
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. 3116 Section 1 (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).
