Capitalization.
Section 7
SEC. 7. Capitalization.—The Authority shall have an authorized capital of three hundred million pesos which all be fully subscribed by the Republic of the Philippines shall be paid out as follows: The sum of thirty million pesos, which is hereby authorized to be appropriated out of any funds in the National Treasury not otherwise appropriated, and from proceeds of bond issues, loans and from any other sources of income of the National Government, upon approval of this Act; The sum of thirty million pesos for every fiscal year thereafter, for a period of nine years, from the same source mentioned in paragraph (a) hereof, which is hereby authorized to be appropriated and to be included in the General Appropriations Act, for such subsequent years beginning with the fiscal year nineteen hundred and sixty-five and nineteen hundred and sixty-six. The authorized capital of thirty million pesos shall constitute a revolving fund for the purpose of financing its business transactions, except as herein provided for.