Capitalization.
Section 9
SEC. 9. Capitalization.— The Company shall have an authorized capital of fifty million pesos which shall be fully subscribed and paid up by the Republic of the Philippines and authorized to be appropriated out of the general fund in the National Treasury not otherwise appropriated, and from the proceeds of the loans, bonds issues, and other sources of income of the National Government and included in the General Appropriations Act every year for a period of five years from the approval of the Act and shall be paid out according to the schedule as follows: The sum of twenty million pesos upon approval of this Act; The sum of ten million pesos for the succeeding fiscal year; The sum of ten million pesos for the third year; The sum of five million pesos for the fourth year; The sum five million pesos for the fifth year; The authorized capital of fifty million pesos shall constitute a revolving fund for financing the projects and other transactions and operations of the Company except as herein provided.