shall pay to the nominee the sum legally due him as provided in the nomination. [1493-16 ( c ).]  SECTION  1257 . Title of Beneficiary . — The rights acquired by a beneficiary under such nomination shall not be greater than he might have acquired as legatee under the depositor's will. SECTION  1258 . Disposition of Small Account in Absence of Nomination of Beneficiary . — When a depositor dies leaving an account of not more than one hundred pesos, the Director of Posts may, if no administration of the estate is undertaken within thirty day s after the depositor's death, authorize the payment of the deposit to the person whom he shall believe to be the nearest relative of the deceased, without prejudice to the legal rights of any other lawful claimant thereto. [2136-2.] SECTION  1259 . Investment of Bank Funds . — The investment of the funds of the bank may be made by the board in any or all of the ways provided herein and in no other manner: ( a ) In bonds or other evidences of indebtedness of the United States. ( b ) In bonds or other evidences of indebtedness of the Insular Government of the Philippine Islands, the city of Manila, or any municipality in the Philippine Islands, issued in pursuance of section sixty-six of the Act of Congress approved July first, nin eteen hundred and two, as amended by section three of the Act of Congress approved February sixth, nineteen hundred and five. Not more than ten per centum of the total funds of the bank shall be invested in bonds of municipalities of the Philippine Islands  outside of the city of Manila. DACTSa ( c ) In interest-bearing deposits, under security approved by the board, in any bank situated in the United States or in the Philippine Islands having an unimpaired, paid-up capital equivalent to one million five hundred thousand pesos or over of Philippine  currency. ( d ) In stocks or shares of banks doing business in the Philippine Islands having a paid-up capital of one million five hundred thousand pesos or over, but not more than ten per centum of the total funds of the bank shall be invested in such stocks or shares. aHTCIc ( e ) Upon first mortgage, deed of trust, or deed with contract for resale, Copyright 2012 CD Technologies Asia, Inc. and Accesslaw, Inc. Philippine Law Encyclopedia 2011 370