Capitalization.
Section 7
SEC. 7. Capitalization.—The Company shall have an authorized capital of Three hundred million pesos divided into three million shares at One hundred pesos par value which shall be fully subscribed by the Republic of the Philippines and shall be paid out as follows: The sum of Thirty million pesos, which is hereby appropriated out of any fund in the National Treasury not otherwise appropriated and from proceeds of bond issues or loans and from other sources of funds of the National Government which shall be released immediately upon the approval of this Act. The sum of Thirty million pesos for each fiscal year thereafter for a period of nine years, from the same sources mentioned in paragraph (a) hereof, which is hereby appropriated for such subsequent years beginning with the fiscal year nineteen hundred sixty-eight.