Act
Approved June 22, 1963

Republic Act No. 3703

An act approving any mortgage, lease, assignment or transfer of the franchise granted to francisco villongco by republic act numbered thirty-two hundred five to any government bank or corporation

An Act Approving Any Mortgage, Lease, Assignment or Transfer of the Franchise Granted to Francisco Villongco by Republic Act Numbered Thirty-Two Hundred Five to Any Government Bank or Corporation

In plain language

Approves the mortgage, lease, assignment or transfer of the franchise granted to Francisco Villongco under Republic Act No. 325 to any government bank or corporation, together with all related properties and equipment.

  • Approval of any mortgage, lease, assignment or transfer of the franchise granted to Francisco Villongco by RA 325 to a government bank or corporation
  • Act takes effect upon approval
franchise
ice plant
cold storage
government bank
legislation

REPUBLIC ACT No. 3703

An Act Approving Any Mortgage, Lease, Assignment or Transfer of the Franchise Granted to Francisco Villongco by Republic Act Numbered Thirty-Two Hundred Five to Any Government Bank or Corporation

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

Section 1

Subject to the provisions of Republic Act Numbered Thirty-two hundred five, entitled "An Act granting Francisco Villongco a franchise to construct, operate and maintain an ice plant and cold storage in the Municipality of Navotas, Province of Rizal, and to sell ice and to supply cold storage therein," approval is hereby given to any mortgage, lease, assignment or transfer of the franchise granted to Francisco Villongco, under the said Act, together with all the properties and equipment acquired thereunder, in favor of any government bank or corporation.

Section 2

This Act shall take effect upon its approval.

Approved: June 22, 1963.

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.