Section 10
SEC. 10. Capital— The authorized capital of the Authority shall be three billion pesos. The initial paid up capital shall consist of: The value of assets (including port facilities, quays, wharves, equipment) and such other properties, movable and immovable as may be contributed by the Government or transferred by the Government or any of its agencies as valued at the date of such contribution or transfer and after deducting or taking into account the loans and other liabilities of the Authority at the time of the takeover of the assets and other properties The initial cash appropriation of P2 million out of the funds of the National Treasury and such further sums, including working capital, as may be contributed by the Government.