Section 16
SEC. 16. With the approval of the President of the Philippines, the Agricultural and Industrial Bank is authorized to issue debenture bonds of the face value of not less than twenty-five pesos in any sum not to exceed the full amount of its capital. Principal and interest of said debenture bonds may be guaranteed by the Government of the Philippines.
Read the full instrument → · Open the chapter this section belongs to: 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 ↗
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).
