Authority of Philippine Sportswriters Association to Hold Boxing Show for the Benefit of Disabled Filipino Boxers
Republic Act No. 1373, enacted on June 18, 1955, authorizes the Philippine Sportswriters Association to hold an annual benefit boxing show, with net proceeds designated for a trust fund supporting disabled Filipino boxers. These boxing events are exempt from all taxes, and the proceeds will establish the "Disabled Filipino Boxers Trust Fund," managed by a Board of Trustees. This Board includes representatives from the Games and Amusements Board, the Philippine Sportswriters Association, and the Philippine Boxing Association. The trust fund is intended to aid poor and deserving disabled boxers, and the act took effect upon its approval.
Law Information
- Reference Number
- Republic Act No. 1373
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 18, 1955
REPUBLIC ACT NO. 1373
AN ACT AUTHORIZING THE PHILIPPINE SPORTSWRITERS ASSOCIATION TO HOLD ONE BENEFIT BOXING SHOW EVERY YEAR, THE NET PROCEEDS OF WHICH SHALL CONSTITUTE A TRUST FUND FOR THE BENEFIT OF DISABLED FILIPINO BOXERS
SECTION 1. The Philippine Sportswriters Association is authorized to hold one benefit boxing show every year, the net proceeds of which shall be for the benefit of disabled Filipino boxers.
The benefit boxing shows promoted by the Philippine Sportswriters Association pursuant to the provisions of this Act shall be exempt from all taxes.
SECTION 2. The net proceeds of the benefit boxing shows shall constitute a trust fund to be known as the "Disabled Filipino Boxers Trust Fund" and shall be administered by a Board of Trustees, composed of the Chairman of the Games and Amusements Board, as chairman, and a representative of the Philippine Sportswriters Association and of the Philippine Boxing Association, as members. cdt
SECTION 3. Subject to the rules and regulations as the Board of Trustees may from time to time promulgate, the trust fund shall be available for the benefit of poor and deserving disabled Filipino boxers.
SECTION 4. This Act shall take effect upon its approval.
Approved: June 18, 1955
Published in the Official Gazette, Vol. 51, No. 9, p. 4445 in September 1955
Cite This Law
Authority of Philippine Sportswriters Association to Hold Boxing Show for the Benefit of Disabled Filipino Boxers, Republic Act No. 1373, Jun 18, 1955 (Philippines)
Authority of Philippine Sportswriters Association to Hold Boxing Show for the Benefit of Disabled Filipino Boxers, Republic Act No. 1373 (Phil. 1955)
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