|
|
| |
|
PHILIPPINE LAWS, STATUTES & CODES
|
| |
PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW
LIBRARYREPUBLIC ACTS
REPUBLIC
ACT NO. 5429
|
REPUBLIC ACT NO. 5429 - AN
ACT GRANTING JOSE M. LUISON AND SONS, INC., A FRANCHISE TO CONSTRUCT,
OPERATE AND MAINTAIN RADIO BROADCASTING STATIONS IN THE ISLAND OF
LUZON, PHILIPPINES
|
Section
1. Subject to the provisions of the Constitution,
Jose M. Luison and Sons, Incorporated, is hereby granted a franchise
which shall continue in force for a period of twenty-five years from
the approval of this Act to construct, maintain and operate, for
commercial purposes and in the public interest, radio broadcasting
stations in the Island of Luzon, Philippines: Provided, That this
franchise shall be void unless the construction of at least one radio
broadcasting station be begun within two years from the date of
approval of this Act, and be completed within four years from said
date: Provided, further, That the grantee shall provide adequate public
service time to enable the Government through the said radio
broadcasting stations to reach the population on important public
issues; shall assist in the functions of public information and
education; shall conform to the ethics of honest enterprise; and shall
not use its stations for the broadcasting of obscene or indecent
language, speech, act or scene, or for the dissemination of
deliberately false information or willful misrepresentation, or to the
detriment of the public health, or to incite, encourage, or assist in
subversive or treasonable acts.
Sec. 2. The grantee shall file a bond in the
amount of fifty thousand pesos to guarantee full compliance with and
fulfillment of the conditions under which this franchise is
granted.
Sec. 3. In the event of any competing individual,
partnership or corporation receiving from the Congress a similar
franchise in which there shall be any term or terms more favorable than
those herein granted or tending to place the herein grantee at any
disadvantage then such term or terms shall ipso facto become a part of
the terms hereof and shall operate equally in favor of the grantee as
in the case of said completing individual, partnership or corporation.
Sec. 4. (a) The grantee shall be liable to pay the
same taxes on its real estate, buildings and personal property,
exclusive of the franchise as other persons or corporations are now or
hereafter may be required by law to pay. (b) The grantee shall further
be liable to pay all other taxes imposable by National Internal Revenue
Code by reason of this franchise.
Sec. 5. In the event the Government shall desire
to maintain and operate for itself any or all of the stations herein
authorized, the grantee shall turn over such station or stations to the
Government with all the serviceable equipment therein, at cost, less
reasonable depreciation.
Sec. 6. The grantee shall not require any previous
censorship of any speech, play, act or scene or other matter to be
broadcast from its stations; but if any such speech, play, or act or
scene or other matter should constitute a violation of the law or
infringement of a private right, the grantee shall be free from any
liability, civil or criminal, for such speech, play, act or scene or
other matter: Provided, That the grantee during any broadcast, may cut
off from the air the speech, play, act or scene or other matter being
broadcast if the tendency thereof is to propose or incite treason,
rebellion or sedition, or the language used therein or the theme
thereof is indecent or immoral.
Sec. 7. The grantee shall not lease, transfer,
grant the usufruct of, sell or assign this franchise, or the rights and
privileges acquired thereunder to any person, firm, company,
corporation or other commercial or legal entity, nor merge with any
other company or corporation organized for the same purpose, without
the approval of the Congress of the Philippines first had. Any
corporation to which this franchise is sold, transferred or assigned,
shall be subject to all the conditions, terms, restrictions and
limitations of this franchise as fully and completely and to the same
extent as if the franchise had been originally granted to the said
person, firm, company, corporation or other commercial or legal
entity.
Sec. 8. This Act shall take effect upon its
approval.
Enacted without Executive
approval, June 15, 1968.
|
chanrobles virtual law library
Back to Main
chanroblesvirtuallawlibrary
Back to Home | Back to Main
|
|
|
