REPUBLIC ACT No. 4561
An Act Granting Aldymac, Inc. a Franchise to Establish and Operate Ferry Services Between the Municipality of Virac, Province of Catanduanes, and Legazpi City; Between the Municipality of Allen, Province of Samar, and the City of Legazpi; Between the Municipality of Masbate, Province of Masbate, and the City of Legazpi; and Between the Municipality of Masbate, Province of Masbate, and the Municipality of Sorsogon, Province of Sorsogon
Be it enacted by the Senate and House of Representatives of the Philippine Congress Assembled:
Section 1. Subject to the conditions established in this Act and the provisions of the Constitution and the Public Service Act, there is granted to Aldymac, Inc., for a period of twenty-five years from the approval of this Act, the right, privilege and authority to establish and operate ferry services for passengers and freight between the Municipality of Virac, Province of Catanduanes, and Legazpi City; between the Municipality of Allen, Province of Samar, and the City of Legazpi; between the Municipality of Masbate, Province of Masbate, and the City of Legazpi; and between the Municipality of Masbate, Province of Masbate, and the Municipality of Sorsogon, Province of Sorsogon, and to establish a schedule of rates therefor, which shall at all times be subject to regulation by the Public Service Commission: Provided, That this franchise shall be null and void unless the grantee, within ninety days from the date of the approval of this Act, files with the Public Service Commission his acceptance of the terms and conditions stipulated in this Act.
Section 2. Within ninety days after the acceptance of the franchise granted hereunder and in accordance with the conditions herein stipulated, the grantee shall put in operation an adequate and efficient ferry services between the city and the municipalities mentioned in the preceding section. The ferryboats operated by the grantee and the equipment thereof shall meet the requirements prescribed by the Public Service Commission, and the grantee shall, whenever the Public Service Commission shall determine that public interest reasonably requires it, change or improve any said ferryboats or the equipment thereof at grantee’s expense.
Section 3. The grantee binds himself to provide the ferryboats a suitable and adequate place for the mails and shall carry them in the manner stipulated between the Postmaster General and the said grantee, for such consideration as may be agreed upon between them, and in case of failure to arrive at an agreement as to the rate of compensation and the manner in which such mails shall be carried, the Public Service Commission shall fix the manner of, and compensation for, carrying said mails, after hearing and considering the arguments of the said Postmaster General and grantee: Provided, That in case the Government requires the transportation of troops, ammunition or funds for the public good, the grantee shall receive a reasonable compensation for such service.
Section 4. The books, records and accounts of the grantee shall always be open to the inspection of the Auditor General or his authorized representatives, and it shall be the duty of the grantee to submit to the Auditor General quarterly reports in duplicate showing the gross receipts for passengers and freight for the quarter past and the general condition of the business, one of which shall be forwarded by the Auditor General to the National Treasurer, who shall keep the same on file.
Section 5. The grantee shall be liable to pay the same taxes on its real property, buildings, and personal property as other persons or corporations are now or hereafter may be required by law to pay. The grantee shall further be liable to pay all other taxes imposable under the National Internal Revenue Code by reason of this franchise.
Section 6. The grantee, with the approval of the Congress of the Philippines first had, may sell, lease, grant, convey, assign, give in usufruct, or transfer this franchise and all property and rights acquired thereunder to any individual, co-partnership, private, public or quasi-public association, corporation or joint-stock company competent to operate the business hereby authorized, but transfer of title to the franchise or any right of ownership or interest acquired under such sale, lease, grant, conveyance, assignment, gift in usufruct, or transfer shall not be effective, even after such approval shall have been obtained until there shall have been filed in the Public Service Commission an agreement in writing by which the individual, co-partnership, private, public or quasi-public association, corporation or joint-stock company in whose favor such sale, lease, grant, conveyance, assignment, gift in usufruct, or transfer is made, shall be firmly bound to comply with all the terms and conditions imposed upon the grantee by this franchise and to accept the same, subject to all existing terms and conditions.
Section 7. The Public Service Commission shall have the power, after a reasonable written notice to the grantee and a hearing of the interested parties, to declare the forfeiture of this franchise and all rights inherent in the same for failure on the part of the grantee to comply with any of the terms and conditions hereof, unless such failure shall have been directly and primarily caused by an act of God, or force majeure, usurped right, uprising or other cause beyond the grantee’s control. Against such declaration of forfeiture by the Public Service Commission the grantee may apply for the remedies provided in Sections thirty-four and thirty-six of the Public Service Act.1âшphi1 The remedy provided herein shall not be a bar to any other remedy provided by existing laws for the forfeiture of this franchise.
Section 8. This franchise shall be subject to amendment, alteration or repeal by the Congress of the Philippines when the public interest so requires, and shall not be interpreted to mean an exclusive grant of the privilege herein provided.
Section 9. This Act shall take effect upon its approval.
Approved: June 19, 1965.
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