Section 3
SEC 3. The proceeds of the sale of the bonds issued. by virtue of this Act are hereby appropriated for the purpose of purchasing bonds issued by the Metropolitan Water District under the provisions of Act Numbered Twenty-eight hundred and thirty-two, in addition to amount authorized by Act Numbered Thirty-two hundred and four, which bonds of the Metropolitan Water District, the provisions of existing law to the contrary notwithstanding, shall be sold at the same price, shall bear the same date, the same rate of interest, and shall run for the same period of time as the bonds issued by virtue of this Act. The Treasurer of the Philippine Islands is hereby authorized to purchase said bonds of the Metropolitan Water District in such amounts and at such times as may be determined by the Secretary of Finance with the approval of the Governor-General, and at the same rate at which the Secretary of War sold the bonds issued by virtue of this Act.