SEC. 5. In consideration of the franchise hereby granted, the grantee, its successor or assigns, shall pay a franchise tax equal to live per centum of the gross earnings from the operation of the ice and cold storage in t said city, three per centum of which shall accrue to the national government and two per centum to the where it is operating.
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 4742 Section 5 (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).
