Section 1
SECTION 1. The Secretary of War is hereby authorized, on behalf of the Government of the Philippine Islands, temporarily to issue certificates of indebtedness to the extent, of three millions of dollars, in money of the United States, bearing interest at a rate not to exceed four per centum annually, payable at periods of three months or more, but not later than one year from date of issue, in denominations of one thousand dollars, in currency of the United States, and redeemable in gold coin of the United States, which certificates of indebtedness shall be disposed of by the Secretary of War at such favorable rate of interest or premium as he may be able to secure, the proceeds thereof to be deposited with the Guaranty Trust Company, the authorized depository of the Government of the Philippine Islands, to the credit of the Treasury of the Philippine Islands. These certificates are authorized by and shall be issued in accordance with section six of said Act of Congress approved March second, nineteen hundred and three, entitled "An Act relating to currency for the Philippine Islands," and the proceeds thereof are to be used as provided in said Act. The certificates statement on face issued hereunder shall state upon their face that they have been issued in accordance with the terms of said section and by authority of ibis Act of the Philippine Commission, and that they are in addition to the issue of three millions of dollars of similar certificates, issued under Act Numbered Six hundred and ninety-six of the Philippine Commission, enacted March twenty-third, nineteen hundred and three.