REPUBLIC ACT NO. 5351 - AN
ACT AMENDING AND REPEALING CERTAIN SECTIONS OF REPUBLIC ACT NUMBERED
FIVE HUNDRED THIRTEEN, AS AMENDED BY REPUBLIC ACT NUMBERED NINE HUNDRED
EIGHTY-TWO
Section 1. Section s one and fifteen of Republic Act Numbered
Five hundred thirteen, as amended by Republic Act Numbered Nine hundred
eighty-two, are further amended to read as follows:
"Section 1. There is hereby granted to the Republic
Broadcasting System, hereinafter referred to as the "grantee," a
franchise for a period of twenty-five years from the approval of this
Act to construct, maintain and operate commercially in the Philippines,
at such places as the said grantee may select, subject to approval of
the Secretary of Public Works and Communications, stations for radio
and television broadcasting: Provided, That the holder of the franchise
herein granted shall start the operation of at least one radio
broadcasting station or one television station within one and a half
years from the approval of said franchise. Failure to comply with this
requirement shall ipso facto cancel and void the franchise.
"Sec. 15. 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 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 the
conditions, terms, restrictions and limitations of this franchise, as
fully and completely and to the same extent as if the franchise had
been originally granted to the said person, firm, company, corporation
or other commercial or legal entity.
Sec. 2. Section s thirteen and fourteen of the same
Act, as amended, are hereby repealed.
Sec. 3. The title of the same Act is hereby
amended to read as follows:
"An Act granting the Republic Broadcasting System a franchise to
construct, maintain and operate stations for television and radio
broadcasting in the Philippines and radio stations for international
and domestic telecommunications.
Sec. 4. This Act shall take effect upon its
approval.
Enacted without Executive
approval, June 15, 1968.
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