|REPUBLIC ACT NO. 517 - AN
ACT GRANTING EDUARDO LOPEZ A TEMPORARY PERMIT TO CONSTRUCT, MAINTAIN
AND OPERATE A COMMERCIAL RADIO BROADCASTING STATION IN THE PROVINCE OF
Subject to the provisions of the Constitution, as well as of Act No.
3846, entitled "An Act providing for the regulation of radio stations
and radio communications in the Philippine Islands, and for other
purposes", Act No. 3997, known as the Radio Broadcasting Law,
Commonwealth Act No. 146, known as the Public Service Act, and their
amendments, and other applicable laws, there is hereby granted to
Eduardo Lopez, a temporary permit to construct, maintain and operate,
for commercial purposes and in the public interest, a radio
broadcasting station in the province of Iloilo: Provided, That this
temporary permit shall be void unless the construction of the said
station be begun within one and a half years from the approval of said
temporary permit: Provided, further, That the grantee shall provide
adequate public service time to enable the Government, through the
station 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 station 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. 2. This temporary permit shall continue to be in force during the time that the Government has not established similar service at the places selected by the grantee.
Sec. 3. The grantee shall file a bond in the amount of ten thousand pesos to guaranty for the full compliance and fulfillment of the conditions under which this franchise is granted.
Sec. 4. In the event of any competing individual partnership or corporation receiving from the Congress a similar temporary permit 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. In the event the Government should desire to maintain and operate for itself the radio broadcasting station herein authorized, the grantee shall turn over such station to the Government with all the serviceable equipment therein, at cost, less reasonable depreciation.
Sec. 6. This Act shall take effect upon its approval.
Approved: June 14, 1950