An Act Approving Any Mortgage, Lease, Assignment or Transfer of the Franchise Granted to Francisco Villongco by Republic Act Numbered Thirty-Two Hundred Five to Any Government Bank or Corporation
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 approves any mortgage, lease, assignment, or transfer of the franchise granted to Francisco Villongco under a previous Republic Act. It allows these transactions to be made in favor of any government bank or corporation.Full Text
REPUBLIC ACT No. 3703
An Act Approving Any Mortgage, Lease, Assignment or Transfer of the Franchise Granted to Francisco Villongco by Republic Act Numbered Thirty-Two Hundred Five to Any Government Bank or Corporation
Be it enacted by the Senate and House of Representatives of the Philippine Congress Assembled:
Section 1. Subject to the provisions of Republic Act Numbered Thirty-two hundred five, entitled "An Act granting Francisco Villongco a franchise to construct, operate and maintain an ice plant and cold storage in the Municipality of Navotas, Province of Rizal, and to sell ice and to supply cold storage therein," approval is hereby given to any mortgage, lease, assignment or transfer of the franchise granted to Francisco Villongco, under the said Act, together with all the properties and equipment acquired thereunder, in favor of any government bank or corporation.
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.