Extension of Term of Franchise Granted Under R.A. No. 466 and R.A. No. 1118
Republic Act No. 5740, enacted on June 21, 1969, extends the term of a franchise previously granted under Republic Act No. 466 and later transferred by Republic Act No. 1118 for an additional twenty-five years. The extension is effective immediately upon approval and was enacted without Executive approval. The law aims to ensure the continued operation of the franchise, maintaining its validity for a longer period. It was published in the Official Gazette on January 5, 1970.
Law Information
- Reference Number
- Republic Act No. 5740
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 21, 1969
REPUBLIC ACT NO. 5740
AN ACT EXTENDING FOR ANOTHER TWENTY-FIVE YEARS THE TERM OF THE FRANCHISE GRANTED UNDER REPUBLIC ACT NUMBERED FOUR HUNDRED SIXTY-SIX AND LATER REPUBLIC ACT NUMBERED ONE THOUSAND ONE HUNDRED AND EIGHTEEN
SECTION 1. The term of the franchise granted under Republic Act Numbered Four hundred sixty-six, and later transferred by authority of Republic Act Numbered One thousand one hundred and eighteen, is hereby extended for another twenty-five years from the date of the expiration of the said franchise.
SECTION 2. This Act shall take effect upon its approval.
Enacted without Executive approval, June 21, 1969.
Published in the Official Gazette, Vol. 66, No. 1, p. 39 on January 5, 1970
Cite This Law
Extension of Term of Franchise Granted Under R.A. No. 466 and R.A. No. 1118, Republic Act No. 5740, Jun 21, 1969 (Philippines)
Extension of Term of Franchise Granted Under R.A. No. 466 and R.A. No. 1118, Republic Act No. 5740 (Phil. 1969)
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