Republic Act No. 4076

Be it enacted by the Senate and House of Representatives of the Philippine Congress Assembled:

Section 1

Subject to the conditions established in this Act and to the provisions of the Constitution, there is hereby granted to Robert O. Phillips, for a period of twenty-five years from the approval of this Act, the right, privilege and authority to establish, maintain and operate a hydrofoil ferry service for passengers within Manila Bay including the waterways along Corregidor, Bataan, Bulacan, Batangas, Pampanga, Mindoro, Lubang Island, Cavite, Zambales, Iloilo, Bacolod, Ozamiz, Iligan, Cagayan, Pagadian, Cotabato, Zamboanga and Basilan.

Section 2

A special right is hereby reserved to the President of the Philippines in time of war, rebellion, public peril, calamity, or disaster to authorize the temporary use and operation of the grantee’s water transportation facilities by any department of the government upon payment of just compensation.

Section 3

In the event of any competing individuals, associations or corporations receiving from the Congress of the Philippines a similar franchise in which there shall be any term or terms more favorable than those herein granted or tending to place the herein grantee at any disadvantage, then such term or terms shall ipso facto become a part of the terms hereof and shall operate equally in favor of the grantee as in the case of said competing individuals, associations or corporations.

Section 4

Whenever in this franchise the term "grantee" is used, it shall be held and understood to mean and represent Robert O. Phillips, his representatives, successors or assigns.

Section 5

This franchise shall be subject to amendment alteration or repeal by the Congress of the Philippines when the public interest so requires.

Section 6

The rates to be charged by the grantee shall be subject to the approval of the Public Service Commission.

Section 7

This Act shall take effect upon its approval.

Approved: June 18, 1964.