REPUBLIC ACT NO. 5730 - AN
ACT AMENDING THE TITLE AND CERTAIN SECTIONS OF REPUBLIC ACT NUMBERED
FIVE HUNDRED ELEVEN, ENTITLED "AN ACT GRANTING THE BOLINAO ELECTRONICS
CORPORATION A TEMPORARY PERMIT TO CONSTRUCT, MAINTAIN AND OPERATE
STATIONS FOR INTERNATIONAL TELECOMMUNICATION AND STATIONS FOR
TELEVISION IN THE PHILIPPINES"
Section 1. Section one of the Republic Act Numbered Five
hundred eleven is hereby amended to read as follows:
"Section 1. Subject to the provisions of the
Constitution, the ABS-CBN Broadcasting Corporation is hereby granted a
franchise for a period of fifty years from the approval of this
Amendatory Act, to construct, maintain and operate, for a commercial
purpose and in the public interest stations for international
telecommunication, excluding domestic telecommunication, and stations
for television in the Philippines: Provided, That the grantee shall
provide adequate public service time to enable the Government, through
the said television stations, to reach the population or 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 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 file a bond in the amount
of fifty thousand pesos to guaranty for the full compliance and
fulfillment of the conditions under which this franchise is granted. If
after four years from the date of the approval of this Act, 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 Government."
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
temporary permit or franchise in which there shall be any term or terms
more favorable than 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 said competing individual, partnership or
corporation."
Sec. 4. Section five of the same Act is hereby
amended to read as follows:
"Sec. 5. The grantee shall be liable to pay the same
taxes on its real estate, building and personal property, exclusive of
the franchise as other persons or corporation are now or hereafter may
be required by law to pay.
Sec. 5. Section six of the same Act is hereby
amended to read as follows:
"Sec. 6. In the event of war, rebellion, insurrection
or similar national crisis and the Government shall find it necessary
to maintain and operate for itself any or all of the stations herein
authorized, the grantee shall temporarily turn over such station or
stations to the Government after payment of just and reasonable
compensation for the use thereof."
Sec. 6. 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 nor 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 previous approval of the Congress of the Philippines. 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, transferred 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 has been
originally granted to the said person, firm, company, corporation or
other commercial or legal entity."
Sec. 7. The title of the same Act is hereby
amended to read as follows:
"An Act granting ABS-CBN Broadcasting Corporation a franchise to
construct, maintain and operate stations for international
telecommunications and stations for television in the Philippines."
Sec. 8. This Act shall take effect upon its
approval.
Enacted without Executive
approval, June 21, 1969.
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