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REPUBLIC ACT NO. 4367 - AN ACT
GRANTING ALDYMAC, INC., A FRANCHISE TO ESTABLISH, MAINTAIN AND OPERATE
RADIO BROADCASTING AND TELEVISION STATIONS IN THE CITY OF LEGAZPI Section 1. Subject to the provisions of the Constitution, as well as of Act Numbered Three thousand eight hundred forty-six, entitled "An Act providing for the regulation of radio stations and radio communications in the Philippine Islands, and for other purposes;" Act Numbered Three thousand nine hundred ninety-seven, known as the Radio Broadcasting Law; Commonwealth Act Numbered One hundred forty-six, known as the Public Service Act, and their amendments, and other applicable laws, not inconsistent with this Act, Aldymac, Inc., is hereby granted a franchise to establish, maintain and operate radio broadcasting and television stations in the City of Legazpi. Sec. 2. This franchise shall continue for a period of twenty-five years from the date said stations shall be put in operation, and is granted upon the express conditions that the same shall be void unless the construction of at least one radio broadcasting stations or one television station be begun within one year from the date of approval of this Act and be completed within two years from said date. Sec. 3. This franchise is likewise made upon the express condition that the grantee shall provide adequate public service time to enable the government, thru its stations, to reach the population on important 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 dissemination of deliberately false information or willful misrepresentation, or to the detriment of the public health and morals, or incite, encourage or assist in subversive or treasonable acts. Sec. 4. The grantee's radio broadcasting and television stations shall not be put in actual operation until the Secretary of Public Works and Communications shall have allotted to the grantee the frequencies and wave lengths to be used under this franchise and issued to the grantee license for such use. Sec. 5. The radio broadcasting station and television stations of the grantee shall be so constructed and operated and wave lengths so selected as to avoid interference with existing radio stations and television stations and to permit the expansion of the grantee's service. Sec. 6. A special right is reserved to the President of the Philippines in time of war, rebellion, public peril, calamity, disaster or disturbance of peace or order, to cause the closing of said stations or to authorize the temporary use and operation thereof by any department of the government without compensating the grantee for the use of said stations during the period when they shall be so operated. Sec. 7. The grantee shall be liable to pay the same taxes unless exempted therefrom, 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. It shall be liable further to pay all other taxes as provided in the National Internal Revenue Code by reason of this franchise. Sec. 8. Acceptance of this franchise shall be given in writing by the grantee within six months after the approval of this Act. When so accepted, the grantee shall be empowered to exercise the privileges granted thereby. Sec. 9. The grantee shall file a bond in the
amount of ten thousand pesos to guarantee the full compliance with
fulfillment of the conditions under which this franchise is granted. If
after two years from the date of acceptance of this franchise, the
grantee shall have fulfilled said conditions or as soon thereafter as
the grantee shall have fulfilled the same, the bond aforesaid shall be
cancelled by the Secretary of Public Works and Communications. Approved: June 19, 1965. |
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