Guarantee by the Government.
Section 12
SEC. 12. Guarantee by the Government. — Any or all loans or instruments of indebtedness which the Authority is authorized to contract or issue under this Decree may be guaranteed, both as to principal and interest, by the Government of the Republic of the Philippines whenever the President of the Philippines, by himself or through his duly authorized representatives, may deem such guarantee by the Government of the Philippines to be advisable and necessary, 'n which case, the President of the Philippines or his duly authorized representative is hereby authorized to execute and deliver said guarantee of the Government of the Republic of the Philippines.