CAPITAL STOCK.
Section 10
SEC. 10. CAPITAL STOCK.—The authorized Capital Stock of the FARM SYSTEMS DEVELOPMENT CORPORATION is eight hundred million pesos divided into eight million shares of no par value, which shares are not to be transferred, negotiated, pledged, mortgaged or otherwise given as security for the payment of any obligation. The sum of fifty million pesos (P50 M) of the capital stock shall be subscribed and paid wholly by the Government of the Philippines which amount is hereby appropriated and programmed immediately for FY 1976. The remaining seven hundred fifty million pesos shall be wholly subscribed by the Government of the Philippines and shall be appropriated, programmed, and paid as follows: a) the sum of fifty-five million pesos (P55 M) for the FY 1976-1977. b) the sum of seventy-two million pesos (P72 M) for the FY 1977-1978 and FY 1978-1979. c) the sum of sixty-seven million pesos (P67 M) for each succeeding fiscal year until fiscal year 1985-1986. d) and such sums as may be appropriated, programmed, and/or allocated by the President or the National Assembly when it comes to existence from time to time as the financial needs of the FSDC so requires and until the authorized capital is fully paid up.