REPUBLIC ACT NO. 6307 - AN ACT APPROVING THE TRANSFER, ASSIGNMENT, SALE OR MORTGAGE OF THE FRANCHISE GRANTED UNDER REPUBLIC ACT NUMBERED FIVE THOUSAND ONE HUNDRED NINETY-SIX
Subject to the provisions of the Constitution and to the terms and
conditions of the franchise granted under Republic Act Numbered Five
thousand one hundred ninety-six, the transfer, assignment, sale or
mortgage of said franchise together with all the rights and privileges
granted thereunder in favor of any banking or financing institution or
any individual, corporation, co-partnership or joint-stock company, is
hereby approved. |
Sec. 2. This Act shall take effect upon its approval.
Enacted without Executive
approval, June 19, 1971.