REPUBLIC ACT NO. 4076 - AN ACT GRANTING ROBERT 0. PHILLIPS A FRANCHISE TO ESTABLISH, MAINTAIN AND OPERATE A HYDROFOIL FERRY SERVICE WITHIN MANILA BAY INCLUDING WATERS ALONG CORREGIDOR, BATAAN, CAVITE, ZAMBALES AND OTHER NEIGHBORING BAY AREAS.

Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:

SECTION 1. Subject to the conditions established in this Act and to the provisions of the Constitution, there is hereby granted to Robert O. Phillips, for a period of twenty-five years from the approval of this Act, the right, privilege and authority to establish, maintain and operate a hydrofoil ferry service for passengers within Manila pay including the waterways along Corregidor, Bataan, Bulacan, Batangas, Pampanga, Mindoro, Lubang Island, Cavite, Zambales, Iloilo, Bacolod, Ozamiz, Iligan, Cagayan, Pagadian, Cotabato, Zamboanga and Basilan.

SEC. 2. A special right is hereby reserved to the President of the Philippines in time of war, rebellion, public peril, calamity or disaster to authorize the temporary use and operation of the grantee's water translation facilities by any department of the government upon payment of just compensation.

SEC. 3. In the event of any competing individuals, Relations or corporations receiving from the Congress the Philippines a similar franchise in which there be any term or terms more favorable than those herein granted or tending to place the herein grant at any disadvantage, then such term or terms shall ipso facto become a part of the terms hereof and shall operate equally in favor of the grantee as in the of said competing individuals, associations, or corporations.

SEC. 4. Whenever in this franchise the term "grantee" is used, it shall be held and understood to mean and represent Robert O. Philips, his representatives, successors or assigns.

SEC. 5. This franchise shall be subject to amendment alteration or repeal by the Congress of the Philippines when the public interest so requires.

SEC. 6. The rates to be charged by the grantee shall be subject to the approval of the Public Service Commission.

SEC. 7. This Act shall take effect upon its approval.

Approved, June 18. 1964.