REPUBLIC ACT NO. 2987 - AN ACT AUTHORIZING AND APPROVING THE TRANSFER OF THE TEMPORARY PERMIT GRANTED TO MR. A. J. WILLS BY REPUBLIC ACT NUMBERED SEVEN HUNDRED SIXTY-SEVEN, AS AMENDED, IN FAVOR OF THE BLUE NETWORK, INCORPORATED.

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

SECTION 1. The transfer of the temporary permit granted to Mr. A. J. Wills by Republic Act Numbered Seven hundred sixty-seven, as amended, in favor of the Blue Network, Inc., together with all the rights and privileges of, including any channel and/or frequency assignments and permits that may have been granted to, the former is hereby authorized and approved: Provided, That the transferee complies with all the requirements and conditions under which the temporary permit was granted to Mr. A. J. Wills by Republic Act Numbered Seven hundred sixty-seven, otherwise this transfer shall be void.

SEC. 2. This Act shall take effect upon its approval.

Enacted without Executive approval, June 19, 1960.