Amendment to R.A. No. 4545 Re: Franchise Grant to Rural Electrification Corp.
Republic Act No. 5114 amends Republic Act No. 4545, granting the Rural Electrification Corporation a franchise to establish and operate radio and television stations in Mindanao. The franchise is valid for 25 years, contingent upon the construction of at least one station within two years and its completion within three years from the act's approval. Additionally, a new provision ensures that if any competing entity receives more favorable terms from Congress, those terms will automatically apply to the Rural Electrification Corporation as well. This act took effect upon its approval on June 17, 1967, and was published in the Official Gazette on March 24, 1969.
Quick Answers
- What is Amendment to R.A. No. 4545 Re: Franchise Grant to Rural Electrification Corp. about?
- Republic Act No. 5114 amends Republic Act No. 4545, granting the Rural Electrification Corporation a franchise to establish and operate radio and television stations in Mindanao. The franchise is valid for 25 years, contingent upon the construction of at least one station within two years and its completion within three years from the act's approval. Additionally, a new provision ensures that if any competing entity receives more favorable terms from Congress, those terms will automatically apply to the Rural Electrification Corporation as well. This act took effect upon its approval on June 17, 1967, and was published in the Official Gazette on March 24, 1969.
- What type of law is Republic Act No. 5114?
- Amendment to R.A. No. 4545 Re: Franchise Grant to Rural Electrification Corp. (Republic Act No. 5114) is a Philippine Statutes enacted by the Congress of the Philippines.
- When was Amendment to R.A. No. 4545 Re: Franchise Grant to Rural Electrification Corp. enacted?
- Amendment to R.A. No. 4545 Re: Franchise Grant to Rural Electrification Corp. (Republic Act No. 5114) was enacted on Jun 17, 1967.
- What is the citation for Amendment to R.A. No. 4545 Re: Franchise Grant to Rural Electrification Corp.?
- Amendment to R.A. No. 4545 Re: Franchise Grant to Rural Electrification Corp., Republic Act No. 5114, Jun 17, 1967 (Philippines)
Law Information
- Reference Number
- Republic Act No. 5114
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 17, 1967
REPUBLIC ACT NO. 5114
AN ACT AMENDING REPUBLIC ACT NUMBERED FORTY-FIVE HUNDRED FORTY-FIVE, ENTITLED "AN ACT GRANTING RURAL ELECTRIFICATION CORPORATION A FRANCHISE TO ESTABLISH, MAINTAIN AND OPERATE RADIO BROADCASTING AND TELEVISION STATIONS IN THE ISLAND OF MINDANAO"
SECTION 1. The title of Republic Act Numbered Forty-five hundred forty-five is hereby amended to read as follows: cd
"An Act granting the Rural Electrification Corporation a franchise to establish, maintain and operate radio broadcasting and television stations in the Island of Mindanao."
SECTION 2. Section two of the same Act is hereby amended to read as follows:
"SEC. 2. This franchise shall continue for a period of twenty-five years from the date said stations shall be put into operation, and is granted upon the express condition that the same shall be void unless the construction of at least one radio broadcasting station or one television station be begun within two years from the date of approval of this amendatory Act and completed within three years from said date.
SECTION 3. The same Act is hereby amended by inserting between Sections eleven and twelve thereof a new section, to be known as Section eleven-A which shall read as follows: cd
"SEC. 11-A. In the event of any competing individual, association of persons, partnership or corporation receiving from the Congress of the Philippines a similar franchise in which there shall be any term or terms more favorable than those herein granted or tending to place, the herein grantee at any disadvantage then such term or terms shall ipso facto become a part of the terms hereof and shall operate equally in favor of the grantee as in the case of said competing individual, association of persons, partnership or corporation."
SECTION 4. This Act shall take effect upon its approval.
Enacted without Executive approval, June 17, 1967.
Published in the Official Gazette, Vol. 65, No. 12, p. 2836 on March 24, 1969
Cite This Law
Amendment to R.A. No. 4545 Re: Franchise Grant to Rural Electrification Corp., Republic Act No. 5114, Jun 17, 1967 (Philippines)
Amendment to R.A. No. 4545 Re: Franchise Grant to Rural Electrification Corp., Republic Act No. 5114 (Phil. 1967)
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