Section 2
SEC. 2. The Manila Railroad Company of the Philippine Islands is further authorized to dispose of the personal and real property belonging to said lines in such form and subject to such conditions as the directors of the Company and the trustee of the mortgage on said property may consider most advantageous for the interests of said company. The proceeds of the sale of said property in so far as the same is affected by the mortgage for the protection of the bondholders shall be applied in accordance with the provisions of the deed of mortgage.