Instruments of Indebtedness Made Securities.
Section 10
SEC. 10. Instruments of Indebtedness Made Securities. — The instruments of indebtedness issued by the Authority under and by virtue of this Decree are hereby made securities in which all public offices, all political subdivisions, all commercial banks, all insurance companies and associations, all savings banks and savings institutions, including savings and loan association, executors, administrators, guardians, trustees and all fiduciaries in the Philippines may properly and legally invest their own funds or the funds within their control, and the same shall be receivable as security in any transaction with the government, its agencies and instrumentalities, including government owned or controlled corporations and government banking and financial institutions in which such security is required. Said instruments may be made payable both as to principal and interest in Philippine currency or any readily convertible currency.