Dissolution of the Manila Railroad Company of the Philippine Islands.
Section 22
SEC. 22. Dissolution of the Manila Railroad Company of the Philippine Islands.—The Corporation known as Manila Railroad Company of the Philippine Islands is hereby abolished and dissolved. Its rights, permanent personnel, assets, liabilities and obligations of all kinds are hereby transferred to or assumed by the Corporation herein created. A process of liquidation shall be decided upon, and carried out, in accordance with general principles of law and accounting procedures.