PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES
REPUBLIC ACTS
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REPUBLIC ACT NO. 4512 - AN ACT
GRANTING JC IGROBAY CORPORATION A FRANCHISE TO CONDUCT A MESSENGER AND
DELIVERY EXPRESS SERVICE
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| Section
1. Any provision of law to the contrary
notwithstanding, JC Igrobay Corporation, a domestic corporation duly
registered and existing under the Philippine laws, is hereby granted a
franchise to conduct a messenger and delivery express service of
messages and of packages and parcels, at regular intervals, special and
emergency cases, through all hours of the day and night, for a period
of twenty-five years from and after the approval of this Act: provided,
however, that the said corporation shall not receive or deliver matters
described in Sections nineteen hundred fifty-four and nineteen hundred
fifty-five of the Administrative Code, and that any absolutely
non-mailable matter received by it shall be forfeited to the
Government, and that any matter unmailable under Section nineteen
hundred fifty-five of the said Code received by it shall be returned
when practicable to the person who deposited it but need not be
delivered to the addressee: provided, further, that any willful
violation of the foregoing proviso by the said corporation shall be
sufficient cause of the repeal of this franchise: and provided,
finally, that the Postmaster General, under such rules as he may
prescribe with the approval of the Secretary of Public Works and
Communications, shall exercise supervision over said corporation for
the purpose of preventing any violation of the foregoing proviso or the
Postal Law and regulations. Sec. 2. The grantee is hereby empowered to fix its service charges, subject to the approval of the Public Service Commission. Sec. 3. The grantee, in addition to the taxes fixed and imposed by the Internal Revenue Code, shall likewise pay an annual tax of one per cent on its net profit, the proceed of which shall accrue to the National Government. Sec. 4. This franchise is granted subject to the conditions that it shall be subject to amendment, alteration or repeal by the Congress of the Philippines when the public interest so requires and shall not be exclusive in character. Sec. 5. The grantee shall file a bond in the sum of twenty-five thousand pesos to answer for any loss or damage that any customer or customers may suffer. Sec. 6. This Act shall take effect upon its approval: provided, that the service provided herein shall be begun only after the rates therefor shall have been fixed by the Public Service Commission. Approved: June 19, 1965 |