Section 11
Sec. 11. Section 187 of the National Internal Revenue Code, as amended, is hereby further amended to read as follows: "Sec. 187. Stamp tax on indemnity bonds. - On all bonds for indemnifying any person, firm or corporation who shall become bound or engaged as surety for the payment of any sum of money or for the due execution or performance of the duties of any office or position or to account for money received by virtue thereof, and on all other bonds of any description, except such as may be required in legal proceedings, or are otherwise provided for herein, there shall be collected a documentary stamp tax of Ten centavos (P0. 10) on each four pesos or fractional part thereof of the premium charge: Provided, That the tax herein imposed shall be increased to Thirty centavos (P0.30) on each four pesos or fractional part thereof of the premium charged beginning 1996."