Section 3
SEC. 3. Section 3 of the same Decree is hereby amended to read as follows: "SEC. 3.Capital Stock. —The Corporation shall have a capital stock divided into three million no-par shares to be subscribed, paid for and voted as follows: "a. Two million shares of stock shall be subscribed and paid for by the Government of the Republic of the Philippines. For this purpose, the amount of ten million pesos (P10,000,000) set aside and appropriated from the proceeds of the general fund under Presidential Decree No. 286, dated September 5, 1973, shall be applied to the full payment of the two million shares subscribed by the Government. "b. Five hundred thousand shares of stuck shall each be subscribed and paid for by the Development Bank of the Philippines and the Government Service Insurance System at issue values to be determined by the Board of Directors of the Corporation. "The voting power pertaining to shares of stock subscribed by the Government of the Republic of the Philippines shall be vested in the President or in such person or persons as he may designate. "The voting power pertaining to shares of stock subscribed by the Development Bank of the Philippines and the Government Service Insurance System shall be vested in the Chairman, Board of Governors, and the General Manager, respectively. "Each share of stock shall represent one vole and any agreement, contract, arrangement, scheme or plan that shall transfer ownership and voting rights over such shares such that the public corporate nature of the Corporation shall be impaired or removed is prohibited.