Section 4
SEC. 4. The bonds hereby authorized shall be negotiable and exempt from taxation by the Republic of the Philippines or by any political sub-divisions thereof.
RA 780 Section 4
SEC. 4. The bonds hereby authorized shall be negotiable and exempt from taxation by the Republic of the Philippines or by any political sub-divisions thereof.
CitationRA 780 Section 4 (LawPlayer, data as of July 4, 2026)
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).