PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY
REPUBLIC ACTS
REPUBLIC ACT NO. 6378 - AN ACT
EXTENDING THE FRANCHISE OF THE FAR CORPORATION TO CONSTRUCT, OPERATE
AND MAINTAIN RADIO BROADCASTING STATIONS IN LUZON AND THE WESTERN
VISAYAS AND REGULATING THE PAYMENT OF ITS TAXES, AMENDING FOR THE
PURPOSE REPUBLIC ACT NUMBERED FIVE THOUSAND NINE HUNDRED THIRTEEN
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Section
1.
Section one of Republic Act Numbered Five thousand nine hundred
thirteen is hereby amended to read as follows: "Section 1. Subject to the provisions of the Constitution, as well as Act Numbered Three thousand eight hundred forty-six, entitled "An Act providing for the regulation of radio stations and radio communications in the Philippine Islands, and for other purposes"; Act Numbered Three thousand nine hundred ninety-seven, known as the Radio Broadcasting Law; Commonwealth Act Numbered One hundred forty-six, known as the Public Service Act and their amendments, and other applicable laws, not inconsistent with this Act, FAR Corporation is hereby granted a franchise to construct, operate and maintain radio broadcasting stations within Luzon and the Western Visayas." Sec. 2. Section fourteen of the same Act is hereby amended to read as follows: "Sec. 14. In consideration of this franchise the grantee shall pay a tax equivalent to five percent of its gross income." Sec. 3. This Act shall take effect upon its approval. Enacted without Executive
approval, August 16, 1971. |
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