Section 2-A of Republic Act No
Sec. 1. Section 2-A of Republic Act No. 6234 as amended, is hereby further amended to read as follows:
"Sec. 2-A. Capital Stock of the System. The System is hereby authorized a capital stock of Eight Billion Pesos (P8,000,000,000.00) divided into Eighty Million (P80,000,000) shares at a par value of One Hundred Pesos (P100.00) each, which shares shall not be transferred, negotiated, pledged, mortgaged, or otherwise given as security for the payment of any obligation. The sum of Two Billion, One Hundred Thirty Five Million, Four Hundred Sixty Seven Thousand Pesos (P2,135,467,000.00), which as of October 31, 1985 has already been subscribed and fully paid by the Government of the Republic of the Philippines in accordance with the provisions of Presidential Decree Nos. 425 and 1406, shall be the initial paid-in-capital of the authorized capital stock provided herein.
The remaining Five Billion, Eight Hundred Sixty Four Million, Five Hundred Thirty-Three Thousand Pesos (P5,864,533,000.00) shall be subscribed by the Government of the Republic of the Philippines and, paid from a continuing appropriation which is hereby made out of any funds in the National Treasury not otherwise appropriated, be they collections from any or all taxes accuring to the General Fund, or proceeds from loans, the issuance of bond, treasury bills or notes which are hereby authorized to be incurred or to be issued by the Minister of Finance for the purpose, such annual appropriation to be programmed and released in accordance with pertinent budget laws: Provided, That, this continuing appropriation shall remain in force until the balance of the unpaid subscription of the government to the capital stock of the System have been paid in full."