An Act Authorizing the Central Philippines Broadcasting Company to Mortgage its Franchise with Any Government-Owned or Controlled Financial and/or Banking Institution
Year:
1963
Category:
Other
Date Approved:
June 22, 1963
Summary
Plain-language AI-assisted summary — not the official text. As of July 1, 2026. Read the full text below or on the official source.
This Act authorizes the Central Philippines Broadcasting Company to mortgage its franchise to any government-owned or controlled financial and/or banking institution. It overrides any contrary provisions of law, allowing the company to secure financing through its franchise.Full Text
REPUBLIC ACT No. 3785
An Act Authorizing the Central Philippines Broadcasting Company to Mortgage its Franchise with Any Government-Owned or Controlled Financial and/or Banking Institution
Be it enacted by the Senate and House of Representatives of the Philippine Congress Assembled:
Section 1. Any provision of law to the contrary notwithstanding, the Central Philippines Broadcasting Company is hereby authorize to mortgage its franchise granted under Republic Act Numbered Twenty-three hundred and eighty five, to any government-owned or controlled financial and/or banking institution.
Section 2. This Act shall take effect upon its approval.
Approved: June 22, 1963.
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Republic Acts are laws passed by the Congress of the Philippines. This content is sourced from LawPhil (lawphil.net) for reference purposes. For official and authoritative texts, please refer to the Official Gazette.