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PHILIPPINE LAWS, STATUTES & CODES
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REPUBLIC ACT NO. 4393 - AN ACT
GRANTING EMILIO SY A FRANCHISE TO CONSTRUCT, MAINTAIN AND OPERATE
TELEVISION AND RADIO BROADCASTING STATIONS WITHIN THE PHILIPPINES Section 1. Subject to the provisions of the Constitution, Emilio Sy, is hereby granted a franchise to construct, maintain and operate, for commercial purposes and in the public interest, television and radio broadcasting stations within the Philippines: provided, that this franchise shall be void unless the construction of at least one television station or one radio broadcasting station be begun within four years from the date of approval of this Act, and be completed within five years from said date: provided, further, that the grantee shall provide adequate public service time to enable the Government, through the said television and radio broadcasting stations, 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 enterprises; and shall not use his 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. Such provisions of Act Numbered Thirty-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 Thirty-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, as are applicable to radio broadcasting stations shall be applied, as far as practicable, to the television stations referred to in Section one hereof. Sec. 3. As a condition of the granting of this franchise, the grantee shall execute a bond in favor of the Government of the Philippines, in the sum of fifty thousand pesos, in form and with sureties satisfactory to the Secretary of Public Works and Communications, conditioned upon the faithful performance of the grantee's obligations hereunder during the first three years of the life of this franchise. If, after four years from the date of acceptance of this franchise, the grantee shall have fulfilled said obligation, 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. Sec. 4. Acceptance of this franchise shall be given in writing within six months after the approval of this Act. When so accepted by the grantee and upon approval of the bond aforesaid by the Secretary of Public Works and Communications the grantee shall be empowered to exercise the privilege granted thereby. Sec. 5. 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 frequency and wave lengths to be used under this franchise and issued to the grantee a license for such use. Sec. 6. 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 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 of said competing individual, partnership or corporation. Sec. 7. (a) The grantee shall be liable to pay the
same taxes on his real estate, buildings and personal property,
exclusive of this franchise, as other persons or corporations are now
or hereafter may be required by law to pay. Sec. 8. The grantee shall hold the national, provincial, and municipal governments of the Philippines harmless from all claims, accounts, demands, or actions arising out of accidents or injuries, whether to property or to persons, caused by the construction or operation of the stations of the grantee. Sec. 9. The franchise hereby granted shall be
subject to amendment, alteration, or repeal by the Congress of the
Philippines when the public interest so requires. Approved: June 19, 1965 |
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