REPUBLIC ACT NO. 5733 - AN
ACT AMENDING THE TITLE AND CERTAIN SECTIONS OF REPUBLIC ACT NUMBERED
FIVE HUNDRED TWELVE, ENTITLED "AN ACT GRANTING THE BOLINAO ELECTRONICS
CORPORATION A TEMPORARY PERMIT TO CONSTRUCT, MAINTAIN AND OPERATE RADIO
BROADCASTING STATIONS IN THE PHILIPPINES"
Section 1. The title of Republic Act Numbered Five hundred
twelve is hereby amended to read as follows:
"An Act granting the ABS-CBN Broadcasting Corporation a franchise to
construct, maintain and operate radio broadcasting stations in the
Philippines."
Sec. 2. Section one of the same Act is hereby
amended to read as follows:
"Section 1. Subject to the provisions of the
Constitution, as well as of the Act Numbered Thirty-eight hundred and
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 and ninety-seven,
known as the Radio Broadcasting Law; Commonwealth Act Numbered One
hundred and forty-six, known as the Public Service Act, and their
amendments, and other applicable laws, 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 commercial purposes, and in the public interest, radio
broadcasting stations in the Philippines: Provided, That the grantee
shall provide adequate public service time to enable the Government,
through the stations herein authorized, 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
enterprise; and shall not use said stations for the broadcasting of
obscene or indecent language or speech, 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. 3. Section two of the same Act is hereby
amended to read as follows:
"Sec. 2. 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
canceled by the Government."
Sec. 4. Section three of the same Act is hereby
amended to read as follows:
"Sec. 3. 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 of said competing individual, partnership,
or corporation."
Sec. 5. Section four of the same Act is hereby
amended to read as follows:
"Sec. 4. 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 radio broadcasting
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 five of the same Act is hereby
amended to read as follows:
"Sec. 5. The grantee shall be liable to pay the taxes
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."
Sec. 7. This Act shall take effect upon its
approval.
Enacted without Executive
approval, June 21, 1969.
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