PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES
REPUBLIC ACTS
REPUBLIC ACT NO. 1991 - AN
ACT GRANTING THE LAPU-LAPU BROADCASTING CORPORATION A FRANCHISE TO
CONSTRUCT, MAINTAIN AND OPERATE FIXED POINT-TO-POINT RADIOPHONE AND
RADIOTELEGRAPH STATIONS FOR THE RECEPTION AND TRANSMISSION OF RADIO
COMMUNICATIONS IN THE PHILIPPINES |
Section
1. There is hereby granted to the Lapu-Lapu
Broadcasting Corporation, its successors or assigns, a franchise to
construct, maintain and operate fixed point-to-point radiophone and
radiotelegraph stations from Manila to the Visayan Islands and
Mindanao, subject to the approval of the Secretary of Public Works and
Communications, for the reception and transmission of wireless messages
on radiotelephony and radiotelegraphy. Sec. 2. The grantee shall not engage in domestic business of telecommunications in the Philippines without further assent of the Congress of the Philippines, it being understood that the purpose of this franchise is to secure to the grantee the right to construct, install and maintain radio stations within the Philippines as the interest of the corporation and of its business may justify. Sec. 3. This franchise shall continue to be in force during the time that the Government has not established similar service at the places selected by the grantee, and is granted upon the express condition that the same shall be void unless the construction or installation of said stations be begun within one year from the date of approval of this Act and be completed within two years from said date. Sec. 4. No fees shall be charged by the grantee as the radio stations that may be established by virtue of this Act shall engage in communications regarding the grantee's business only. Sec. 5. The grantee, its successors or assigns, shall so construct and operate its radio stations as not to interfere with the operation of other radio stations maintained and operated in the Philippines. Sec. 6. The grantee shall file a bond in the amount of fifty thousand pesos to guarantee full compliance and fulfillment of the conditions under which this franchise is granted. Sec. 7. The grantee, its successors or assigns, shall be subject to the corporation laws of the Philippines now existing or which may hereafter be enacted.
Sec. 8. The grantee shall not lease, transfer,
grant the usufruct of, sell or assign this franchise, nor the rights
and privileges acquired thereunder to any person, firm, company,
corporation or other commercial and legal entity, nor merge with any
other person, firm, 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 may be sold, transferred,
or assigned, shall be subject to the corporation laws of the
Philippines now existing or hereafter enacted, and any person, firm,
company, corporation or other commercial or legal entity to which this
franchise is sold, or assigned shall be subject to all 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. Section 10. A special right is hereby reserved to the President of the Philippines in time of war, insurrection, public peril, emergency, calamity, disaster, or disturbance of peace and order to cause the closing of the grantee's radio stations or to authorize the temporary use or possession thereof by any department of the Government, upon payment of just compensation. Section 11. The franchise granted under this Act shall not be interpreted to mean an exclusive grant of the privileges herein provided for and is subject to amendment, alteration, or repeal by the Congress of the Philippines when the public interest so requires.
Section 12. This Act shall take effect upon its
approval. Approved: June 22, 1957 |