Section 10
SEC. 10. The grantee shall not issue stock or bonds except in exchange for actual cash or for property at least equal in value to the par value of the stock or bonds so issued, and shall not declare stock or bond dividends.
An Act Granting a Franchise to "Philippine… Section 10
An Act Granting a Franchise to "Philippine… Section 10
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CitationAn Act Granting a Franchise to "Philippine… Section 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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