REPUBLIC ACT NO. 2963 - AN ACT AMENDING CERTAIN SECTIONS AND THE TITLE OF REPUBLIC ACT NUMBERED TWENTY HUNDRED THIRTY-SIX, ENTITLED "AN ACT GRANTING THE RADIO COMMUNICATIONS OF THE PHILIPPINES A FRANCHISE TO ESTABLISH RADIO STATIONS FOR DOMESTIC TELECOMMUNICATIONS."

Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:

SECTION 1. Section one of Republic Act Numbered Twenty hundred thirty-six is amended to read as follows:

"SECTION 1. Subject to the provisions of the Constitution, and to the provisions, not inconsistent herewith, of Act Numbered Three thousand eight hundred and forty-six, entitled "An Act providing for the regulation of radio stations and radio communications in the Philippine Islands, and for other purposes; "Commonwealth Act Numbered One hundred forty-six, known as the Public Service Act, and their amendments, and other applicable laws, there is hereby granted to the Radio Communications of the Philippines, Inc., its successors or assigns, the right and privilege of constructing, installing, establishing and operating in the Philippines, at such places as the said corporation may select and the Secretary of Public Works and Communications may approve, radio stations for the reception and transmission of wireless messages on radio-telegraphy and/or radiotelephony, including both coastal and marine telecommunications, each station to consist of two radio apparatus comprising of a receiving and sending radio apparatus, stations for international telecommunications and stations for broadcasting, including television."

SEC. 2. Section three of the same Act is hereby amended to read as follows:

"SEC. 3. This franchise shall continue for a period of fifty years from the date the first of said stations shall be placed in operation, and is granted upon the express condition that the same shall be void unless the construction of said stations be begun within two years from the date of the approval of this Act and be completed within four years from said date: Provided, however , That the two years period within which, the construction of the stations for international television shall be begun and the four years within which the construction shall be completed shall be counted from the date of the approval of this amendatory Act."

SEC. 3. The title of Republic Act Numbered Twenty hundred thirty-six is amended to read as follows: "An Act granting the Radio Communications of the Philippines, Inc., a franchise to establish radio stations for domestic telecommunications, stations for international telecommunications and stations for broadcasting, including television."

SEC. 4. Whenever the name "Radio Communications of the Philippines," originally registered with the Securities and Exchange Commission appears in Republic Act Numbered Twenty hundred thirty-six as well as in the amendatory Act, it should mean the "Radio Communications of the Philippines, Inc."

SEC. 5. This Act shall take effect upon its approval.

Enacted without Executive approval, June 19, 1960.