Section 260
SEC. 260. The withdrawal having been duly entered in the warehouse accounts, the exporter shall give bond, with satisfactory security, in a penal sum equal to double the amount of the estimated duties on the goods, to produce the proof required by law of the landing of the same beyond the limits of the Philippine Islands, which bond shall be in the following form: "EXPORT BOND. "Know all men by these presents, that we, ........................................ as principals, and ........................................, as sureties, are held and firmly bound unto the Government of the Philippine Islands in the sum of .............................. dollars; for the payment whereof to the Government of the Philippine Islands we bind ourselves, our heirs, executors, administrators, and assigns, jointly and severally, firmly by these presents. "Witness our hands and seals, at the port of ....................................... this ..................................... day of ......................................, nineteen hundred and ................................ "Whereas the following described merchandise having been heretofore duly imported into the Philippine Islands and entered for warehousing in bond, and having been so warehoused at the abovenamed port according to law, hath been this day entered for withdrawal and exportation in bond, namely (here describe the merchandise by marks, numbers, description, and number of packages, with their contents), which said merchandise is also described in an export entry of this date, numbered .................................., and is to be exported in the (ship or vessel, describing the same) known as the (here insert the name of the vessel), whereof ............................... is at present master, now lying in the abovenamed port, and bound for the port of ..................................: and whereas it is intended that the said merchandise shall be exported as aforesaid, under and by virtue of the laws and regulations of the Philippine Islands relating to the exportation of imported goods, without the payment of duties thereon: "Now, therefore, the condition of this obligation is such that if the aforesaid merchandise shall, in good faith, be actually exported and landed abroad, according to the true intent and meaning of these presents, and shall not, nor any part thereof, be relanded at any port or place within the limits of the Philippine Islands, and if the certificates and other proofs required by law and the regulations of the Insular Collector, showing the delivery of the same at the said port of destination, or at any other port or place without the limits of the Philippine Islands, shall be produced and deposited with the collector of customs for the time being at the said port of withdrawal within ........................................... from the date hereof, then this obligation to be void; otherwise to remain in full force and virtue. "............................................................. (SEAL.) "............................................................. (SEAL.) "............................................................. (SEAL.) "Signed, sealed, and delivered in the presence of: "............................................................. "............................................................."