Republic Act No. 1347: An act granting the evening news publishing co., inc. a franchise to establish radio stations for broadcasting and television

In plain language

This act grants a franchise to Evening News Publishing Co., Inc. to establish and operate radio and television stations in the Philippines, subject to conditions on construction, public service, content standards, tax obligations, bond security, and transfer restrictions.

Grant of franchise to construct, maintain, and operate radio and television stations

Requirement to begin construction within two years and complete within four years

Bond of fifty thousand pesos for compliance

Public service time and content standards prohibiting obscene or false information

Tax liability on real estate and other taxes

Government right to take over stations

No prior censorship, but ability to cut off broadcasts inciting treason

Restriction on transfer or sale of franchise without Congressional approval

Broadcasting

Franchise

Television

Radio

Philippines

REPUBLIC ACT No. 1347

An Act to Grant to Domingo Fortuna a Franchise for an Electric Light, Heat and Power System in the Municipality of Candon, Province of Ilocos Sur

Be it enacted by the Senate and House of Representatives of the Philippine Congress Assembled:

Section 1

Subject to the terms and conditions established in Act Numbered Thirty-six hundred and thirty-six, as amended by Commonwealth Act Numbered One hundred and thirty-two, and to the provisions of the Constitution there is granted to Domingo Fortuna for a period of twenty-five years from the approval of this Act, the right, privilege, and authority to construct, maintain and operate an electric light, heat and power system for the purpose of generating and distributing electric light, heat and/or power for sale within the Municipality of Candon, Province of Ilocos Sur.

Section 2

In the event that the grantee shall purchase and secure from the National Power Corporation electric heat and power, the National Power Corporation is hereby authorized to negotiate and transact for the benefit and in behalf of the public consumers with reference to rates.

Section 3

It is expressly provided that, in the event the Government should desire to maintain and operate for itself the plant and enterprise herein authorized, the grantee shall surrender his franchise and will turn over to the Government all serviceable equipment therein, at cost, less reasonable depreciation.

Section 4

This Act shall take effect upon its approval.

Approved: June 18, 1955.

For information and research only, and not legal advice. This text may not reflect later amendments. For certified copies, refer to the Official Gazette or the issuing agency.