SEC. 3. It is expressly provided that, in the event Government should desire to maintain and operate for ll the system and enterprise herein authorized, the grantee shall surrender its franchise and turn over to the Government all serviceable equipment therein at cost, less reasonable depreciation.
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
CitationRA 2304 Section 3 (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).
