Preamble
WHEREAS, by Act Numbered Three thousand five hundred and thirteen, entitled "An Act granting to the Mackay Radio and Telegraph Company of California, United States of America, a franchise to construct, maintain, and operate in the Philippine Islands stations for the reception and transmission of wireless long distance messages, and prescribing the conditions of the same", approved December eight, nineteen hundred and twenty-eight, as amended by Act Numbered Three thousand five hundred and ninety, the Philippine Legislature granted to Mackay Radio and Telegraph Company of California, a California corporation, a franchise to construct, maintain and operate stations for the reception and transmission of wireless long distance messages; and WHEREAS, after the outbreak of the war, the United States Government, in nineteen hundred and forty-two, ordered the domestic circuits of this company closed as a security measure, and also the circuits between the United States and Asia were closed due to the outbreak of hostilities in the Pacific Area; and WHEREAS, because of the closing of its domestic and foreign circuits, Mackay Radio and Telegraph Company, the California corporation, was compelled to cease operations and for reasons of economy that company was merged into its sister corporation, Mackay Radio and Telegraph Company, a Delaware corporation, both such corporations at that time being wholly-owned subsidiaries of American Cable & Radio Corporation; and WHEREAS, as a result of said merger and by operation of law all the rights, privileges, powers and franchises and all property of both such corporations were vested in said Mackay Radio and Telegraph Company, the Delaware corporation, subject to all the restrictions, disabilities and duties of each of such corporations: Now, therefore,