REPUBLIC ACT NO. 4154 - AN ACT TO
AMEND REPUBLIC ACT NUMBERED FIFTEEN HUNDRED AND FIFTY-THREE, ENTITLED
"AN ACT GRANTING ELISEO B. LEMI A TEMPORARY PERMIT TO CONSTRUCT,
MAINTAIN AND OPERATE RADIO BROADCASTING STATIONS AND STATIONS FOR
TELEVISION IN THE PHILIPPINES"
Section 1. Section one of Republic Act Numbered Fifteen
hundred and fifty-three is hereby amended to read as follows:
"Section 1. Subject to the provisions of the
Constitution, the Liberty Broadcasting Network, Incorporated, is hereby
granted a franchise, which shall continue in force for a period of
fifty years from the approval of this Act, to construct, maintain and
operate, for commercial purposes and in the public interest, radio
broadcasting stations and radio stations for television in the
Philippines as well as radio stations for international and domestic
communications of all types and services: provided, that this franchise
shall be void unless the construction of at least one radio
broadcasting station or one television station or one radio station for
international and domestic communications be begun within two years
from the date of approval of this Act, and be completed within four
years from said date: provided, further, that the grantee shall provide
adequate public service time to enable the Government through the said
radio broadcasting stations, stations for television and radio stations
for international and domestic communications, to reach the population
on important public issues; shall assist in the functions of public
information and education; shall conform to the ethics of honest
enterprise; and shall not use its stations for the broadcasting and/or
telecasting of obscene or indecent language, speech, act or scene, or
for the dissemination of deliberately false information or willful
misrepresentation, or to the detriment of the public health, or to
incite, encourage, or assist in subversive or treasonable acts."
Sec. 2. Section three of the same Act is hereby
amended to read as follows:
"Sec. 3. The grantee shall fine a bond in the amount
of fifty thousand pesos to guarantee for the full compliance and
fulfillment of the conditions under which this franchise is granted."
Sec. 3. Section four of the same Act is hereby
amended to read as follows:
"Sec. 4. In the event of any competing individual,
partnership or corporation receiving from the Congress a similar
franchise in which there shall be any term or terms more favorable that
those herein granted or tending to place the herein grantee at any
disadvantage, then such term or terms shall ipso facto become a part of
the terms hereof and shall operate equally in favor of the grantee as
in the case of said competing individual, partnership or corporation."
Sec. 4. Section five of the same Act is hereby
amended to read as follows:
"Sec. 5. (a) The grantee shall be liable to pay the
same taxes on its real estate, buildings and personal property,
exclusive of the franchise as other persons or corporations are now or
hereafter may be required by law to pay. (b) The grantee shall further
be liable to pay all other taxes imposable by the National Internal
Revenue Code by reason of this franchise."
Sec. 5. Section eight of the same Act is hereby
amended to read as follows:
"Sec. 8. The grantee shall not lease, transfer, grant
the usufruct of, sell or assign this franchise or the rights and
privileges acquired thereunder to any person, firm, company,
corporation or other commercial or legal entity, nor merge with any
other 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 is sold, transferred or assigned,
shall be subject to all the conditions, terms, restrictions and
limitations of this franchise as fully and completely and to the same
extent as if the franchise has been originally granted to the said
person, firm, company, corporation or other commercial or legal entity."
Sec. 6. The title of the same Act is hereby
amended to read as follows:
"An Act granting the Liberty Broadcasting Network, Incorporated, a
franchise to construct, maintain and operate radio broadcasting
stations, stations for television in the Philippines and radio stations
for international and domestic communications of all types and
services."
Sec. 7. This Act shall take effect upon its
approval.
Approved: June 20, 1964
|