Section 7
SEC. 7. A standing annual appropriation is made out of any general funds in the National Treasury, of such sums as may be necessary to provide for the sinking fund created in section six and for the interest on the National Government bonds issued by virtue of this Act. A further appropriation is made out of the general funds in the National Treasury not otherwise appropriated, of a sufficient sum to cover the expenses of the issue and sale of the National Government and city bonds authorized by this Act. The National Government shall be reimbursed by the City of Cebu for the sums so disbursed for the sinking fund, interest and expenses of the issue and sale of the bonds, with in thirty days after payment of said expenses by the National Government out of the general fund of the City. In case the City Council of Cebu shall fail to make such reimbursement, the Collector of Internal Revenue and the city treasurer of the City of Cebu are hereby authorized and directed, any provision of existing law to the contrary notwithstanding, to withhold from the revenues of the said city that may come into their possession an amount sufficient to make the reimbursement or any other reimbursement above provided, and shall deposit said sum with the Treasurer of the Philippines, to the credit of the general funds of the National Government.