Republic Act No. 2053: An act to grant to the metropolitan express company, incorporated, a franchise to conduct a messenger and delivery express service

In plain language

This act grants the Metropolitan Express Company, Incorporated a 50‑year franchise to operate a messenger and delivery express service, authorizes it to set service charges with PSC approval, imposes an additional 1% annual tax on net profit, requires a bond of ₱10,000, and allows amendment or repeal in the public interest.

50‑year franchise for messenger and delivery express service

Authority to fix service charges with PSC approval

Additional 1% annual tax on net profit

Bond of ₱10,000 for customer damages

Condition for amendment or repeal in public interest

Effective upon approval

Franchise

Transportation

Express Service

Public Utility

Tax

REPUBLIC ACT No. 2053

An Act to Authorize the Philippine Charity Sweepstakes Office to Hold Annually a Lottery for the Benefit of the Blood Bank

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

Section 1

The Philippine Charity Sweepstakes Office is authorized to hold annually a lottery, the whole proceeds of which shall after deducting the prices and expenses as provided for in Republic Act Numbered Eleven Hundred sixty-nine, as amended, be turned over to the Blood Bank for its support and maintenance: Provided, That the proceeds from the first lottery under this Act shall the used exclusively for the construction of a blood bank building and the purchase of equipment and medicines.

Section 2

This Act shall take effect upon its approval.

Approved: June 4, 1958.

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.