Amendments to R.A. No. 4131 (Grant of Franchise to Arsenio Pascual)
Republic Act No. 5883, enacted on June 21, 1969, amends Republic Act No. 4131 to grant A. S. Pascual & Sons, Co., Inc. a franchise for constructing, operating, and maintaining an ice plant and cold storage facility in Navotas, Rizal, with the authority to sell ice and provide cold storage services in Rizal and Manila. The act stipulates that the franchisee must adhere to price regulations set by the Public Service Commission and allows them to mortgage the franchise to financial institutions. Additionally, a new provision requires the grantee to pay a tax equivalent to five percent of its gross income. The law took effect upon its approval and was published in the Official Gazette on February 23, 1970.
Quick Answers
- What is Amendments to R.A. No. 4131 (Grant of Franchise to Arsenio Pascual) about?
- Republic Act No. 5883, enacted on June 21, 1969, amends Republic Act No. 4131 to grant A. S. Pascual & Sons, Co., Inc. a franchise for constructing, operating, and maintaining an ice plant and cold storage facility in Navotas, Rizal, with the authority to sell ice and provide cold storage services in Rizal and Manila. The act stipulates that the franchisee must adhere to price regulations set by the Public Service Commission and allows them to mortgage the franchise to financial institutions. Additionally, a new provision requires the grantee to pay a tax equivalent to five percent of its gross income. The law took effect upon its approval and was published in the Official Gazette on February 23, 1970.
- What type of law is Republic Act No. 5883?
- Amendments to R.A. No. 4131 (Grant of Franchise to Arsenio Pascual) (Republic Act No. 5883) is a Philippine Statutes enacted by the Congress of the Philippines.
- When was Amendments to R.A. No. 4131 (Grant of Franchise to Arsenio Pascual) enacted?
- Amendments to R.A. No. 4131 (Grant of Franchise to Arsenio Pascual) (Republic Act No. 5883) was enacted on Jun 21, 1969.
- What is the citation for Amendments to R.A. No. 4131 (Grant of Franchise to Arsenio Pascual)?
- Amendments to R.A. No. 4131 (Grant of Franchise to Arsenio Pascual), Republic Act No. 5883, Jun 21, 1969 (Philippines)
Law Information
- Reference Number
- Republic Act No. 5883
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 21, 1969
REPUBLIC ACT NO. 5883
AN ACT AMENDING REPUBLIC ACT NUMBERED FORTY-ONE HUNDRED THIRTY-ONE, ENTITLED "AN ACT GRANTING ARSENIO PASCUAL 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 WITHIN THE SAID PROVINCE OF RIZAL AND THE CITY OF MANILA"
SECTION 1. The title of Republic Act Numbered Forty-one hundred thirty-one is amended to read as follows:
"An Act granting A. S. Pascual & Sons, Co., Inc. 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 within the said Province of Rizal and the City of Manila."
SECTION 2. Section one of the same Act is amended to read as follows:
"Sec. 1. Subject to the conditions imposed by this Act, there is hereby granted to A. S. Pascual & Sons, Co., Inc. hereinafter referred to as the grantee, a franchise to construct, operate and maintain an ice plant and cold storage and/or increase its capacity in the Municipality of Navotas, Province of Rizal, and to sell ice and to supply cold storage within the Province of Rizal and City of Manila, and to charge and collect a schedule of prices and rates for the ice and cold storage so furnished, which schedule of prices and rates shall at all times be subject to regulation by the Public Service Commission. The grantee is authorized to mortgage this franchise to any bank or financing institution, whether privately owned or owned or controlled by the government."
SECTION 3. The same Act is amended by inserting between Sections six and seven thereof a new section to read as follows:
"Sec. 6-A. In consideration of this franchise the grantee shall pay a tax equivalent to five per cent of its gross income."
SECTION 4. This Act shall take effect upon its approval.
Enacted without Executive approval, June 21, 1969.
Published in the Official Gazette, Vol. 66, No. 8, p. 1794 on February 23, 1970.
Cite This Law
Amendments to R.A. No. 4131 (Grant of Franchise to Arsenio Pascual), Republic Act No. 5883, Jun 21, 1969 (Philippines)
Amendments to R.A. No. 4131 (Grant of Franchise to Arsenio Pascual), Republic Act No. 5883 (Phil. 1969)
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