Republic Act No. 2040: An act granting the plywood industries inc. a franchise to construct, maintain and operate point-to-point radio stations in the philippines

In plain language

Republic Act No. 2028 grants Plywood Industries, Inc. a franchise to construct, maintain and operate point‑to‑point radio stations across specified regions, with conditions on construction timeline, bond, taxes, and public service obligations.

Franchise granted to Plywood Industries, Inc.

Void unless construction begins within two years and completes within four years.

Bond of fifty thousand pesos required.

Tax obligations on real estate, buildings, personal property, and other taxes.

Government may take over stations for its own use.

Prohibition on transferring or selling the franchise without congressional approval.

franchise

radio

broadcasting

Philippines

public service

REPUBLIC ACT No. 2040

An Act to Extend the Corporate Existence of the Baguio Country Club Corporation

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

Section 1

The corporate existence of the Baguio Country Club Corporation is hereby extended for fifty years counting from the nineteenth day of February, nineteen hundred and fifty-seven, subject to the filing by said corporation with the Securities and Exchange Commission of a copy of its amended articles of incorporation, duly certified to be correct by the president and the secretary of the corporation and a majority of the board of directors, setting out that its corporate existence is to expire fifty years from the nineteenth day of February, nineteenth hundred and fifty-seven.

Section 2

The Securities and Exchange Commission shall be entitled to collect and receive for the filing of the amended article of incorporation, referred to in section one, the same fees that it may be entitled to collect and receive for the filing of articles of incorporation as now provided by law.

Section 3

All Acts or parts of Acts inconsistent or in conflict with this Act are hereby repealed.

Section 4

This Act shall take effect upon its approval.

Approved: June 23, 1957.

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.