PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES
REPUBLIC ACTS
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REPUBLIC ACT NO. 6146 - AN
ACT EXTENDING THE TERM OF THE FRANCHISE GRANTED TO THE PHILIPPINE LONG
DISTANCE TELEPHONE COMPANY UNDER ACT NUMBERED THREE THOUSAND FOUR
HUNDRED AND THIRTY-SIX, AS AMENDED BY COMMONWEALTH ACT NUMBERED FOUR
HUNDRED AND SEVEN, AND FOR OTHER PURPOSES
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| Section
1. The
term of the franchise granted to the Philippine Long Distance Telephone
Company under Act Numbered Three thousand four hundred and thirty-six,
as amended by Commonwealth Act Numbered Four hundred and seven, is
hereby extended, under the terms and conditions therein provided, for a
period of twenty-five years from the date of its expiration: provided,
that during the twenty-five year period herein granted as extension,
the grantee, its successors or assigns shall pay its franchise tax at
an increased rate of five per centum. Sec. 2. This Act shall take effect upon its approval. Approved: November 9, 1970 |