Amendments to R.A. No. 4652 (Grant of Franchise to Philippine Monorail Transit System)
Republic Act No. 6417, enacted on October 4, 1971, amends specific sections of Republic Act No. 4652 concerning the Philippine Monorail Transit System. It stipulates that if construction of the monorail does not begin within three years or operations within eight years, the franchise will be null unless hindered by force majeure or other reasonable causes. Additionally, the Act restricts the grantee from leasing, transferring, or selling the franchise or shares of capital stock before completing a feasibility survey. The franchise is limited to the City of Manila and its suburbs, explicitly excluding Cebu City and province. The Act took effect upon its approval and was published in the Official Gazette in March 1972.
Quick Answers
- What is Amendments to R.A. No. 4652 (Grant of Franchise to Philippine Monorail Transit System) about?
- Republic Act No. 6417, enacted on October 4, 1971, amends specific sections of Republic Act No. 4652 concerning the Philippine Monorail Transit System. It stipulates that if construction of the monorail does not begin within three years or operations within eight years, the franchise will be null unless hindered by force majeure or other reasonable causes. Additionally, the Act restricts the grantee from leasing, transferring, or selling the franchise or shares of capital stock before completing a feasibility survey. The franchise is limited to the City of Manila and its suburbs, explicitly excluding Cebu City and province. The Act took effect upon its approval and was published in the Official Gazette in March 1972.
- What type of law is Republic Act No. 6417?
- Amendments to R.A. No. 4652 (Grant of Franchise to Philippine Monorail Transit System) (Republic Act No. 6417) is a Philippine Statutes enacted by the Congress of the Philippines.
- When was Amendments to R.A. No. 4652 (Grant of Franchise to Philippine Monorail Transit System) enacted?
- Amendments to R.A. No. 4652 (Grant of Franchise to Philippine Monorail Transit System) (Republic Act No. 6417) was enacted on Oct 4, 1971.
- What is the citation for Amendments to R.A. No. 4652 (Grant of Franchise to Philippine Monorail Transit System)?
- Amendments to R.A. No. 4652 (Grant of Franchise to Philippine Monorail Transit System), Republic Act No. 6417, Oct 4, 1971 (Philippines)
Law Information
- Reference Number
- Republic Act No. 6417
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
October 4, 1971
REPUBLIC ACT NO. 6417
AN ACT AMENDING SECTIONS THREE AND SEVEN OF REPUBLIC ACT NUMBERED FORTY-SIX HUNDRED FIFTY-TWO, ENTITLED "AN ACT GRANTING THE PHILIPPINE MONORAIL TRANSIT SYSTEM, INCORPORATED A FRANCHISE TO ESTABLISH, MAINTAIN AND OPERATE A MONORAIL TRANSPORTATION SERVICE IN THE CITY OF MANILA AND SUBURBS AND CEBU CITY AND PROVINCE"
SECTION 1. Section three of Republic Act Numbered Forty-six hundred fifty-two is hereby amended to read as follows: cd
"Sec. 3. In the event that the grantee fails to commence construction of the monorail transportation service contemplated in this Act within three years nor commence operation of the service within eight years from the approval of this Act, this franchise shall be null and void unless prevented by fortuitous cause or force majeure, martial law, riot, civil commotion, usurpation by a military power, or any other reasonable cause beyond the grantee's control: Provided, however, That all the time during which the grantee, its successors and assigns, may be prevented from carrying out the terms and conditions of this franchise shall be added to the time allowed by this franchise for compliance with its provisions."
SECTION 2. Section seven of the same Act is amended to read as follows:
"Sec. 7. The grantee shall not lease, transfer, grant the usufruct of, sell or assign this franchise, nor any rights and privileges acquired thereunder to any individual, company, or corporation, nor merge with any other individual, company or corporation. The grantee also shall not sell any share of its capital stock to any person other than the incorporators thereof, before the completion and approval of the feasibility survey of this project. Any provincial, city or municipal government whose territorial area is directly served by the monorail transit service is authorized to invest therein through purchase of shares of the capital stock of the grantee." cd i
SECTION 3. Any provision of law to the contrary notwithstanding, the franchise shall be limited to the City of Manila and suburbs and shall exclude Cebu City and province.
SECTION 4. This Act shall take effect upon its approval.
Enacted without executive approval, October 4, 1971.
Published in the Official Gazette, Vol. 68, No. 11, p. 2177 on March 13, 1972
Cite This Law
Amendments to R.A. No. 4652 (Grant of Franchise to Philippine Monorail Transit System), Republic Act No. 6417, Oct 4, 1971 (Philippines)
Amendments to R.A. No. 4652 (Grant of Franchise to Philippine Monorail Transit System), Republic Act No. 6417 (Phil. 1971)
Related Laws
- Grant of Monorail Transportation Service Franchise to Philippine Monorail Transit System, Inc.Republic Act No. 4652 • Jun 14, 1966 • Statutes
- Amendments to R.A. No. 4161 Re: Franchise Grant to Philippine Telegraph and Telephone Corp.Republic Act No. 5048 • Jun 17, 1967 • Statutes
- Amendment to R.A. No. 1272 (Grant of Franchise to Monserrat Broadcasting System)Republic Act No. 5910 • Jun 21, 1969 • Statutes
- Grant of Wireless Telecommunication System Franchise to Philippine Telegraph and Telephone Corp.Republic Act No. 4161 • Jun 20, 1964 • Statutes
- Grant of Tone Calling System Franchise to Pablo M. HeyranaRepublic Act No. 4681 • Jun 18, 1966 • Statutes
- Amendment to R.A. No. 513, as amended Re: Grant of Franchise to Republic Broadcasting SystemRepublic Act No. 5351 • Jun 15, 1968 • 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