Extension of Term of Franchise Granted to PLDT
Republic Act No. 6146, approved on November 9, 1970, extends the franchise of the Philippine Long Distance Telephone Company for an additional twenty-five years. This extension is granted under the original terms and conditions set forth in previous acts. During this period, the company and its successors are required to pay an increased franchise tax of five percent. The Act takes effect upon approval and was published in the Official Gazette on February 15, 1971.
Law Information
- Reference Number
- Republic Act No. 6146
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
November 9, 1970
REPUBLIC ACT NO. 6146
AN ACT EXTENDING THE TERM OF THE FRANCHISE GRANTED TO THE PHILIPPINE LONG DISTANCE TELEPHONE COMPANY UNDER ACT NUMBERED THREE THOUSAND FOUR HUNDRED AND THIRTY-SIX, AS AMENDED BY COMMONWEALTH ACT NUMBERED FOUR HUNDRED AND SEVEN, AND FOR OTHER PURPOSES
SECTION 1. The term of the franchise granted to the Philippine Long Distance Telephone Company under Act Numbered Three thousand four hundred and thirty-six, as amended by Commonwealth Act Numbered Four hundred and seven, is hereby extended, under the terms and conditions therein provided, for a period of twenty-five years from the date of its expiration: Provided, That during the twenty-five year period herein granted as extension, the grantee, its successors or assigns shall pay its franchise tax at an increased rate of five per centum.
SECTION 2. This Act shall take effect upon its approval.
Approved: November 9, 1970
Published in the Official Gazette, Vol. 67, No. 7, p. 1132 on February 15, 1971
Cite This Law
Extension of Term of Franchise Granted to PLDT, Republic Act No. 6146, Nov 9, 1970 (Philippines)
Extension of Term of Franchise Granted to PLDT, Republic Act No. 6146 (Phil. 1970)
Related Laws
- Extension of Term of Franchise Granted to Charles M. SwiftRepublic Act No. 150 • Jun 14, 1947 • Statutes
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- Extension of Term of Franchise Originally Granted to Natalio DigalRepublic Act No. 3912 • Jun 18, 1964 • Statutes
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