Approval of Mortgage, Lease, Assignment or Transfer of Franchise Granted to Francisco Villongco
Republic Act No. 3703, approved on June 22, 1963, authorizes the mortgage, lease, assignment, or transfer of the franchise granted to Francisco Villongco for constructing and operating an ice plant and cold storage in Navotas. This approval is specifically for transactions involving any government bank or corporation, in accordance with the provisions of the earlier Republic Act No. 3205. The Act took effect upon its approval and was published in the Official Gazette.
Law Information
- Reference Number
- Republic Act No. 3703
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 22, 1963
REPUBLIC ACT NO. 3703
AN ACT APPROVING ANY MORTGAGE, LEASE, ASSIGNMENT OR TRANSFER OF THE FRANCHISE GRANTED TO FRANCISCO VILLONGCO BY REPUBLIC ACT NUMBERED THIRTY-TWO HUNDRED FIVE TO ANY GOVERNMENT BANK OR CORPORATION
SECTION 1. Subject to the provisions of Republic Act Numbered Thirty-two hundred five, entitled "An Act granting Francisco Villongco 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 therein," approval is hereby given to any mortgage, lease, assignment or transfer of the franchise granted to Francisco Villongco, under the said Act, together with all the properties and equipment acquired thereunder, in favor of any government bank or corporation. cd
SECTION 2. This Act shall take effect upon its approval.
Approved: June 22, 1963
Published in the Official Gazette, Vol. 59, No. 45, p. 7722 on November 11, 1963
Cite This Law
Approval of Mortgage, Lease, Assignment or Transfer of Franchise Granted to Francisco Villongco, Republic Act No. 3703, Jun 22, 1963 (Philippines)
Approval of Mortgage, Lease, Assignment or Transfer of Franchise Granted to Francisco Villongco, Republic Act No. 3703 (Phil. 1963)
Related Laws
- Grant of Ice Plant and Cold Storage Franchise to Francisco VillongcoRepublic Act No. 3205 • Jun 17, 1961 • Statutes
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- Authority to Transfer Radio Stations Franchise of Francisco N. Cervantes to Francisco N. Cervantes, Inc.Republic Act No. 7110 • Aug 15, 1991 • Statutes
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