Authority to Dispose Franchises Granted to Marcelina S. Aquino

August 4, 1969

REPUBLIC ACT NO. 6098

AN ACT AUTHORIZING MARCELINA S. AQUINO TO TRANSFER, ASSIGN, SELL OR MORTGAGE IN FAVOR OF ANY BANKING OR FINANCING INSTITUTION HER FRANCHISES UNDER REPUBLIC ACTS NUMBERED SIX HUNDRED NINETY-SEVEN AND SEVEN HUNDRED FIFTY-SEVEN, TO INSTALL, OPERATE AND MAINTAIN TELEPHONE SYSTEMS IN THE CITY OF BUTUAN AND IN THE PROVINCE OF AGUSAN AND THE MUNICIPALITIES AND MUNICIPAL DISTRICTS THEREOF, AND FURTHER MODIFYING THE PROVISIONS OF SAID FRANCHISES

SECTION 1. Marcelina S. Aquino is hereby authorized to transfer, assign, sell or mortgage in favor of any banking or financing institution the franchises granted under Republic Acts Numbered Six hundred ninety-seven and Seven hundred fifty-seven, which were transferred to her by authority of Republic Acts Numbered Thirty-nine hundred seventy-one and Thirty-nine hundred seventy-two, as well as the certificates of public convenience granted or to be granted by the Public Service Commission to her pursuant to the above-mentioned Acts, including all assets and property operated thereunder, located in the City of Butuan and in the Province of Agusan and the municipalities and municipal districts thereof. acd

SECTION 2. Any provision of law or rule or regulation to the contrary notwithstanding the jurisdiction of the Public Service Commission over the telephone systems installed, operated and maintained by the said Marcelina S. Aquino by virtue of the aforementioned franchises and Republic Acts, shall be limited to the fixing of rates for the telephone service rendered.

SECTION 3. This Act shall take effect upon its approval.

Enacted without the Executive approval, August 4, 1969.

Published in the Official Gazette, Vol. 66, No. 17, p. 4263 on April 27, 1970