Section 6
SEC. 6. The Metropolitan Water District, in lieu of the establishment of a sinking fund for the redemption of the bonds sold to the Government of the Philippine Islands under the provisions of this Act, shall obligate itself to pay into the Treasury of the Philippine Islands annually a sufficient sum of money to meet the net requirements of the sinking fund set forth in section four of this Act, anything in the provisions of Act Numbered Twenty-eight hundred and thirty-two to the contrary notwithstanding; and the Insular Treasurer is hereby authorized to apply payments so made, without further appropriation, to meet the requirements of the sinking fund established in section four hereof: Provided, That if the Metropolitan Water District shall fail, for any reason, to meet promptly the net requirements of the sinking fund set forth in section four hereof or to pay the interest on its bonds purchased by the Government of the Philippine Islands in accordance with the provisions of section three hereof, the treasurer of the City of Manila, so far as the City of Manila is concerned, and the provincial treasurer of Rizal, with respect to the municipalities comprising the rest of the district, are hereby authorized and directed thirty days after said default to proceed to retain out of the revenues of the City of Manila and of the municipalities included in the district, that may come into their possession as belonging to said city and municipalities, the sum necessary, as may be determined by the Insular Auditor, to meet any delinquencies in the sinking fund and interest requirements in this proviso above-mentioned and said officials shall deposit the sums so retained with the Insular Treasurer.