[ REPUBLIC ACT NO. 5685, June 21, 1969 ]
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.
Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:
Section 1. Subject to the provisions of the Constitution, 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.
Section 2. This Act shall take effect upon its approval.1a⍵⍴h!1
Enacted without Executive approval, June 21, 1969.
The Lawphil Project - Arellano Law Foundation
