REPUBLIC ACT NO. 2028 - AN ACT
GRANTING THE PLYWOOD INDUSTRIES INC., A FRANCHISE TO CONSTRUCT,
MAINTAIN AND OPERATE POINT-TO-POINT RADIO STATIONS IN THE PHILIPPINES |
Section
1. Subject to the provisions of the Constitution, the
Plywood Industries, Inc., is hereby granted a franchise to operate
point-to-point radio stations, from Quezon City to Butuan City and
Gingoog, Oriental Misamis, as well as from car to car, and sea to shore
or shore to sea, which shall continue in force during the time that the
Government has not established similar service at the places selected
by the grantee; to construct, maintain and operate, for commercial
purposes and in the public interest, point-to-point radio stations in
the Philippines: Provided, That this franchise shall be void unless the
construction of at least one point-to-point radio station be begun
within two years from the date of approval of this Act, and be
completed within four years from said date: Provided, further, That the
grantee shall provide adequate public service time to enable the
Government, through the said point-to-point radio 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 enterprise; and shall not use its 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. Such provisions of Act Numbered Thirty-eight hundred and forty-six, entitled, "An Act providing for the regulation of television and 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, as are applicable to radio broadcasting stations shall be applied, as far as practicable, to the radio broadcasting stations referred to in section one.cralaw Sec. 3. The grantee shall file a bond in the amount of fifty thousand pesos to guaranty full compliance and fulfillment of the conditions under which this franchise is granted.cralaw Sec. 4. 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.cralaw Sec. 5. (a) The grantee shall be liable to pay the
same 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.cralaw Sec. 6. In the event the Government should desire to maintain and operate for itself any of all of the stations herein authorized, the grantee shall turn over such station or stations to the Government with all the serviceable equipment therein, at cost, less reasonable depreciation.cralaw Sec. 7. The grantee shall not lease, transfer, grant the usufruct of, sell or assign this franchise nor 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 previous approval of the Congress of the Philippines. Any corporation 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 has been originally granted to the said person, firm, company, corporation or other commercial or legal entity.cralaw Sec. 9. This Act shall take effect upon its
approval.cralaw Approved: June 22, 1957 |