PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY
REPUBLIC ACTS
REPUBLIC ACT NO. 1598 - AN
ACT GRANTING THE PHILIPPINE NATIONAL EXPOSITION, INC., A FRANCHISE TO
HOLD, CONDUCT AND OPERATE NATIONAL EXPOSITIONS AND CARNIVALS IN THE
CITY OF MANILA |
Section 1. The
Philippine National Exposition, Inc., hereinafter also referred to as
the grantee, is hereby granted for a period of twenty-years a franchise
to hold, conduct and operate in the City of Manila a national
exposition and carnival every year, if practicable, for not more than
sixty days, beginning with the calendar year nineteen hundred and
fifty-seven.cralaw
Sec. 2. The Philippine National Exposition, Inc.,
is hereby granted authority to use, free of charge, any public park,
whether belonging to the National Government or to the Government of
the City of Manila, as shall be appropriate and necessary for its
purposes, unless such park is actually used or needed for certain
purposes by the Government to which it belongs.cralaw Sec. 3. For the holding, conducting and operation of every national exposition and carnival, as herein provided, the Philippine National Exposition, Inc., shall pay in full within thirty days from the opening of such exposition and carnival to the Government of the City of Manila a municipal license fee of five hundred pesos.cralaw
Sec. 4. Twenty per centum of the total gross
receipts collected and realized by the grantee from the holding,
conducting and operation of such national exposition and carnival
during any year shall be turned over to the Treasurer of the
Philippines for distribution asd among such charitable institutions in
the Philippines as shall be chosen by the President of the
Philippines.
Sec. 7. Nothing in this Act shall be held or
construed to authorize or permit the grantee to carry on, conduct,
supervise, permit or suffer any gambling in any form whatsoever
prohibited by law or ordinance of any political subdivision in the
Philippines within the grounds of the national exposition and carnival
herein authorized, except traditional games like bingo, wherein prizes
in the form of merchandise or commodities and not money or cash shall
be given. The violation of this section shall operate automatically to
forfeit the franchise granted in this Act.
Sec. 9. The grantee shall keep an account of the
gross receipts of the business transacted by it, and shall furnish to
the Auditor General and the Treasurer of the City of Manila a copy each
of such account. For the purpose of auditing accounts surrendered to
the Auditor General and Treasurer of the City of Manila, all the books
and accounts of the grantee, and duplicates thereof, shall be subject
to the official inspection of the Auditor General or his authorized
representatives. The audit and approval of such accounts by the Auditor
General shall be final and conclusive evidence as to the amount of said
gross receipts, except that the grantee shall have the right to appeal
to the courts of the Philippines under the terms and conditions
provided in the laws of the Philippines. Section 10. This franchise shall not be valid unless the grantee accepts the same within four months after its approval, filing such acceptance in writing with the Secretary of Commerce and Industry.cralaw Section 11. This franchise is granted under the condition that it shall be subject to amendment, alteration or repeal by the Congress when the public interest so requires and shall not be interpreted as an exclusive grant to the privileges herein granted.cralaw
Sec. 12. This Act shall take effect upon its approval.cralaw |
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