SEC. 5. The National Government and city bonds hereby authorized to be issued shall be exempt from taxation by the Commonwealth of the Philippines or of any political or municipal subdivision thereof, and subject to the provisions of the Act of Congress, approved March 24, 1934, otherwise known as the Tydings-McDuffie Law, which facts shall be stated upon their face.
Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026
CitationCA 337 Section 5 (LawPlayer, data as of July 4, 2026)
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).
