Section 4
SEC. 4. Section five of Commonwealth Act Numbered One hundred eighty-two is amended so as to read as follows: "SEC. 5. The National Development Company, created under Act Numbered Twenty-eight hundred and forty-nine, is dissolved. The properties, assets, rights, choses of action, obligations, liabilities, and contracts, of the said Company are hereby transferred to, and are vested in, and assumed by, the public corporation herein created, and the business and affairs of such former National Development Company are liquidated as of the date of the approval of this Act, and are automatically assumed and continued by the corporation herein created. "The net book value of the properties and assets of the present National Development Company on the effective date of the approval of this Act, shall be received by the Corporation herein created in payment for? an equal value of shares of the capital stock of the corporation herein created. "There are appropriated out of any funds in the National Treasury not otherwise appropriated, such sums as may be necessary to pay for the shares of stock of the National Development Company subscribed by the Government of the Commonwealth of the Philippines; Provided, however, That no sum shall be set up on the books of the Auditor General until it shall be necessary to make the payment or payments authorized by this Act."