Section 20
SEC. 20. The real estate bonds and debentures shall be issued in such amounts and forms, at such times and for such periods as may be expressly provided by reolution of the Board of Directors of the Agricultural and Industrial Bank and approved by the President of the Philippines. Said bonds shall be redeemable at par on or before the date of their maturity and shall contain a provision co the effect that they are subject to redemption by lot at such a date as the Agricultural and Industrial Bank may designate. Such of the bonds so chosen by lot for redemption as have not been outstanding for at least three-fourths of the period for which issued shall be retired with a premium of five per centum of the par value thereof. The bonds so chosen for redemption shall cease to bear interest beginning with the date set for their withdrawal, and the aforesaid selection by lot shall take place at least one hundred days before the date of the withdrawal. The serial numbers of the bonds so selected shall be published once a week for a period of not less than three months in two daily newspapers of general circulation in the Philippines.