Section 6
SEC. 6. Section 5 of the same Decree is hereby amended to read as follows: "SEC. 5. The total number of shares which the Corporation shall have authority to issue is twenty million shares, all of which shall be without par value. Authority is hereby conferred upon the Board of Directors of the Corporation to issue shares for such consideration, payable in cash or property, as said Board may from time to time fix, but in no event less than five pesos (P5.00) per share. “Sixty per centum of the said capital stock, or twelve million shares with an assigned value of five pesos (P5.00) each, shall be subscribed by the Government of the Republic of the Philippines. Three million of the said subscribed shares amounting to fifteen million pesos shall be immediately paid for by the Government from the accumulated earnings of the Veterans Claims Settlement Fund. “Subscription of the Government of the Republic of the Philippines shall be made by the President, and the voting power of such shares of stock shall be vested in him or in such person as he may designate. “Fifty percent of the cash dividends pertaining to-the shares of the Government shall be automatically applied to the payment of the subscribed capital stock of the Government until the said capital stock shall have been fully paid for and the balance shall be turned over to the Philippine Veterans Assistance Commission for use in veterans assistance projects. Upon full payment of the subscription of the Government, all the cash dividends payable on the shares of the Government shall be turned over to the Philippine Veterans Assistance Commission for the same purpose. “The Corporation shall be exempt from the payment of any and all taxes, duties, charges, fees and assessments of whatever nature and description imposed by any authority, whether national or local.