Section 12
SEC. 12. Section 67 of the same decree is hereby amended to read as follows: "SEC. 67. Capital Stock.—The authorized capital of the Local Water Utilities Administration is Two Billion, Five Hundred Million Pesos divided into Twelve Million Five Hundred Thousand share of stock with a par value of Two Hundred Pesos per share which shall be subscribed by the National Government and opened to subscription by private investors or government financial institutions."