REPUBLIC ACT NO. 1508 - AN ACT
GRANTING TO DAMASO P. PEREZ A PERMIT TO CONSTRUCT, MAINTAIN AND OPERATE
RADIO BROADCASTING STATIONS IN THE PHILIPPINES |
Section 1.
Subject to the provisions of the Constitution, as well as Act of
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 ninety-seven, known as the Radio Broadcasting Law; Commonwealth
Act Numbered One hundred forty-six, known as the Public Service Act,
and their amendments, and other applicable laws, Damaso P. Perez is
hereby granted a permit to construct, maintain and operate, for
commercial purposes and in the public interest, radio broadcasting
stations in the Philippines: Provided, That this permit shall be void
unless the construction of at least one radio broadcasting station is
begun within six months from the date of approval of this Act and
completed within two years from said date: Provided, further, That the
grantee shall provide adequate public service time to enable the
Government, through the stations herein authorized, to reach the
population on important 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. 2. The grantee shall file a bond in the amount of fifty thousand pesos to guarantee the full compliance and fulfillment of the conditions under which this permit is granted.cralaw Sec. 3. In the event of any competing individual, partnership or corporation receiving from the Congress a similar 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 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. 4. In the event the Government should desire
to maintain an operate for itself any or all of the radio broadcasting
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. Sec. 7. This Act shall take effect upon its
approval.cralaw Approved: June 16, 1956 |