Republic Act No. 5282: An act to further amend section four of republic act numbered forty-five hundred nineteen

In plain language

This act amends Section 4 of RA 4519, nullifying a franchise if the grantee fails to commence construction of an ice plant or cold storage within two years after the act’s approval, unless prevented by force majeure or other extraordinary circumstances.

Amends Section 4 of RA 4519

Nullifies franchise if construction is not commenced within two years unless prevented by force majeure or extraordinary circumstances

amendment

ice plant

cold storage

franchise

force majeure

REPUBLIC ACT No. 5282

An Act to Further Amend Section Four of Republic Act Numbered Forty-Five Hundred Nineteen

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

Section 1

Section four of Republic Act Numbered Forty-five hundred nineteen, is hereby amended to read as follows:

"Sec. 4. If the grantee shall not commence the construction of at least one ice plant or cold storage within two years from the approval of this amendatory Act, unless prevented by an Act of God or force majeure, martial law, riot, civil commotion, usurpation by a military power or any other cause beyond the grantee's control, this franchise shall become null and void.

Section 2

This Act shall take effect upon its approval.

Approved: June 15, 1968.

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.