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Act No. 2034 Article 10

Article 10

ART. 10. The grantee shall keep a record of all fares collected and tickets sold, and receipts from the transportation of freight, baggage, and express, which shall be subject to the inspection of the Insular Auditor, whose duty it shall be to audit and approve the accounts of the grantee at the end of each quarter, before the payment of the percentage tax. The accounts when thus audited Audit. and approved shall, in the absence of fraud or mistake, be final and conclusive evidence of the liability of the grantee under the provisions of article nine of this franchise.

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Other provisions in Act No. 2034

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationAct No. 2034 Article 10 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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