Section 5
SEC. 5. Any registered candidate for President or for Vice-President of the Philippines who received not less, than five hundred thousand votes may contest the election of the President or the Vice-President, as the case may be, by filing a petition of contest with the Clerk of the Presidential Electoral Tribunal within thirty days after the proclamation of the result of the election. Before the Presidential Electoral Tribunal shall take cognizance of a petition of contest or counter-contest, the contestant or counter-contestant shall file a bond with two sureties satisfactory to the Tribunal and for such amount as it may fix, to answer for the payment of all expenses and costs incidental to, said contest, or shall deposit with the Tribunal cash in lieu of the bond, or both, as the Tribunal may order. Within five days from the filing of the contest or counter-contest, the Tribunal shall fix the amount of the bond or the cash deposit or both and if the contestant or counter-contestant fails to file the required bond or cash deposit or both within ten days from notice, his petition of contest or counter-contest, shall be dismissed. The Tribunal may, for good reason, order from time to time that the amount of the bond or the cash deposit be increased or decreased, or order the disposition of such deposit as the course of the contest may require. In case the party who has paid the expenses and costs wins in the contest, the Tribunal shall assess, levy and collect the same as costs from the losing party.