Amendment to Section 10 of Act No. 3495 Re: Franchise of the Robert Dollar Company
Act No. 3692, approved on November 20, 1930, amends Section 10 of Act No. 3495, which grants the Robert Dollar Company a franchise to operate wireless communication stations in the Philippines. The amendment stipulates that the company must pay the same real property taxes as other entities and an annual fee of 1.5% of its gross receipts from business conducted under the franchise. This fee replaces all other taxes on the franchise and its earnings. The Act takes effect immediately upon approval.
Law Information
- Reference Number
- Act No. 3692
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
November 20, 1930
ACT NO. 3692
AN ACT AMENDING SECTION TEN OF ACT NUMBERED THIRTY-FOUR HUNDRED AND NINETY-FIVE, GRANTING TO THE ROBERT DOLLAR COMPANY A FRANCHISE TO CONSTRUCT, MAINTAIN, AND OPERATE IN THE PHILIPPINE ISLANDS STATIONS FOR THE RECEPTION AND TRANSMISSION OF WIRELESS LONG DISTANCE MESSAGES AND PRESCRIBING THE CONDITIONS OF THE SAME
SECTION 1. Section ten of Act Numbered Thirty-four hundred and ninety-five is hereby amended to read as follows: TcHCIS
"SEC. 10. The grantee shall be liable to pay the same taxes on its real property, exclusive of the franchise, as other persons or corporations are now or hereafter may be required by law to pay. The grantee shall further pay to the Insular Treasurer each year, within ten days after the audit and approval of the accounts as prescribed in section nine of this Act, one and one half per centum of all gross receipts from business transacted under this franchise by the said grantee in the Philippine Islands and the said percentage shall be in lieu of all taxes on the franchise or earnings thereof."
SECTION 2. This Act shall take effect upon its approval. HcSCED
Approved: November 20, 1930
Cite This Law
Amendment to Section 10 of Act No. 3495 Re: Franchise of the Robert Dollar Company, Act No. 3692, Nov 20, 1930 (Philippines)
Amendment to Section 10 of Act No. 3495 Re: Franchise of the Robert Dollar Company, Act No. 3692 (Phil. 1930)
Related Laws
- Grant of Franchise to Robert Dollar Company (Reception and Transmission of Wireless Long Distance Messages)Act No. 3495 • Dec 8, 1928 • Statutes
- Approval of Transfer of Franchise Granted to the Robert Dollar Company to Globe Wireless, Limited (Radio Reception and Transmission)Act No. 4150 • Nov 28, 1934 • Statutes
- Amendment to Act No. 3495 (Grant of Franchise to Globe Wireless, Ltd.)Republic Act No. 4630 • Jun 19, 1965 • Statutes
- Amendment to Sec. 5 of Act No. 3495Act No. 4071 • Oct 12, 1933 • Statutes
- Amendments to Act No. 3495Act No. 3873 • Nov 13, 1931 • Statutes
- Grant of Hydrofoil Ferry Service Franchise to Robert O. PhillipsRepublic Act No. 4076 • Jun 18, 1964 • Statutes
Browse More Statutes
Explore other laws in the Statutes category.
View All StatutesNeed Help Understanding This Law?
Ask our AI assistant to explain provisions, implications, or related laws.
Ask AI About This Law