Bond Requirement for Compliance Guarantee
- The grantee must file a bond of Fifty Thousand Pesos.
- This bond guarantees full compliance with the conditions stipulated in the temporary permit.
Equal Terms for Competing Permittees
- If another individual, partnership or corporation receives a temporary permit with more favorable terms, these favorable terms automatically apply to Bolinao Electronics Corporation.
- This clause ensures non-discrimination and equal treatment among permit holders.
Government’s Right to Take Over Stations
- Should the Government decide to operate any of the authorized radio stations, the grantee is obligated to turn over the stations along with all serviceable equipment.
- Transfer shall be made at cost minus reasonable depreciation.
Taxation Obligations
- The grantee is liable for taxes on its real estate, buildings, and personal property, excluding the temporary permit fee.
- Taxation shall align with laws applied to other persons or corporations.
Broadcast Content Liability and Censorship
- No prior censorship of broadcasts is required.
- The grantee is legally absolved from liability for lawful content broadcast.
- The permittee may interrupt broadcasts if content:
- Incites or proposes treason, rebellion, or sedition
- Contains indecent or immoral language
- This ensures a balance between free speech and public order.
Effectivity
- The Act took effect immediately upon approval on June 14, 1950.