[ REPUBLIC ACT NO. 3785, June 22, 1963 ]
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 Philippines in Congress assembled:
SECTION 1. Any provision of law to the contrary notwithstanding, the Central Philippines Broadcasting Company is hereby authorized 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.
SEC. 2. This Act shall take effect upon its approval.
Approved, June 22, 1963.