My bookmarksSign up free

CA 459 Section 6

Section 6

SEC. 6. Out of the proceeds of the excise tax on oil, there is appropriated the sum of one hundred and fifty million pesos not otherwise appropriated. The subscription by the Government of the Philippines to the capital stock of the Agricultural and Industrial Bank shall be paid as follows: twenty-five million pesos upon subscription, and the remainder, upon call of the Board of Directors and upon certification by the Secretary of Finance, with the approval of the President of the Philippines, that funds are available in the Treasury of the Philippines for that purpose. Calls for payment of subscription shall not ex­ceed the sum of fifteen million pesos in any year. LOANS

Read the full instrument → · Open the chapter this section belongs to: CHAPTER I. Establishment and Functions, Name, Domicile, and Duration →

Other provisions in CHAPTER I. Establishment and Functions, Name, Domicile, and Duration

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 459 Section 6 (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).

Continue your research

CA 459, full textChapter navigation and full text, so you can read this section in contextPhilippines legislationPhilippine Laws by type and yearGrouped by instrument type and year of enactment, so you can find others of the same kindBrowse by type and yearCHAPTER I. Establishment and Functions, Name, Domicile, and Duration — read this in contextThe surrounding text of the act in order, so you can see what comes before and afterChapters and sections