A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
Republic Acts :
|REPUBLIC ACT NO. 1598 - AN
ACT GRANTING THE PHILIPPINE NATIONAL EXPOSITION, INC., A FRANCHISE TO
HOLD, CONDUCT AND OPERATE NATIONAL EXPOSITIONS AND CARNIVALS IN THE
CITY OF MANILA
|Section 1. The
Philippine National Exposition, Inc., hereinafter also referred to as
the grantee, is hereby granted for a period of twenty-years a franchise
to hold, conduct and operate in the City of Manila a national
exposition and carnival every year, if practicable, for not more than
sixty days, beginning with the calendar year nineteen hundred and
Sec. 2. The Philippine National Exposition, Inc.,
is hereby granted authority to use, free of charge, any public park,
whether belonging to the National Government or to the Government of
the City of Manila, as shall be appropriate and necessary for its
purposes, unless such park is actually used or needed for certain
purposes by the Government to which it belongs.cralaw
Sec. 3. For the holding, conducting and operation of every national exposition and carnival, as herein provided, the Philippine National Exposition, Inc., shall pay in full within thirty days from the opening of such exposition and carnival to the Government of the City of Manila a municipal license fee of five hundred pesos.cralaw
Sec. 4. Twenty per centum of the total gross receipts collected and realized by the grantee from the holding, conducting and operation of such national exposition and carnival during any year shall be turned over to the Treasurer of the Philippines for distribution asd among such charitable institutions in the Philippines as shall be chosen by the President of the Philippines.
Sec. 5. To guarantee the compliance of the conditions set forth in sections three and four hereof, the Philippine National Exposition, Inc., shall execute a bond in the amount of one hundred thousand pesos in favor of the Philippine Government in a form and with sureties satisfactory to the Secretary of Commerce and Industry. If the grantee shall fail to execute such bond and hold, conduct and operate the exposition and carnival in nineteen hundred and fifty-seven, this franchise shall be ipso facto cancelled.
Sec. 6. Any provision of law to the contrary notwithstanding, no tax or fee, in addition to the license fee required in section three and the percentage of the total gross receipts mentioned in section four, shall be levied by either the National Government or the Government of the City of Manila upon the Philippine National Exposition, Inc., for holding, conducting and operation of a national exposition and carnival as provided in this Act.cralaw
Sec. 7. Nothing in this Act shall be held or construed to authorize or permit the grantee to carry on, conduct, supervise, permit or suffer any gambling in any form whatsoever prohibited by law or ordinance of any political subdivision in the Philippines within the grounds of the national exposition and carnival herein authorized, except traditional games like bingo, wherein prizes in the form of merchandise or commodities and not money or cash shall be given. The violation of this section shall operate automatically to forfeit the franchise granted in this Act.
Sec. 8. The various bureaus and offices of the National Government, including corporations owned or controlled by the Government, as well as the province and chartered cities, including their instrumentalities, and all public institutions are hereby authorized and enjoined to participate in the national exposition and carnival herein authorized, and for this purpose they may use any unexpended balance of their respective appropriations or funds.cralaw
Sec. 9. The grantee shall keep an account of the
gross receipts of the business transacted by it, and shall furnish to
the Auditor General and the Treasurer of the City of Manila a copy each
of such account. For the purpose of auditing accounts surrendered to
the Auditor General and Treasurer of the City of Manila, all the books
and accounts of the grantee, and duplicates thereof, shall be subject
to the official inspection of the Auditor General or his authorized
representatives. The audit and approval of such accounts by the Auditor
General shall be final and conclusive evidence as to the amount of said
gross receipts, except that the grantee shall have the right to appeal
to the courts of the Philippines under the terms and conditions
provided in the laws of the Philippines.
Section 10. This franchise shall not be valid unless the grantee accepts the same within four months after its approval, filing such acceptance in writing with the Secretary of Commerce and Industry.cralaw
Section 11. This franchise is granted under the condition that it shall be subject to amendment, alteration or repeal by the Congress when the public interest so requires and shall not be interpreted as an exclusive grant to the privileges herein granted.cralaw
Sec. 12. This Act shall take effect upon its approval.cralaw