RA 1373 – An Act Authorizing The
Philippine Sportswriters Association To
Hold One Benefit Boxing Show Every
Year, The Net Proceeds Of Which Shall
Constitute A Trust Fund For The Benefit
Or Disabled Filipino-Boxers
Republic of the Philippines
REPUBLIC ACT NO. 1373
AN ACT AUTHORIZING THE PHILIPPINE SPORTSWRITERS ASSOCIATION TO
HOLD ONE BENEFIT BOXING SHOW EVERY YEAR, THE NET PROCEEDS OF
WHICH SHALL CONSTITUTE A TRUST FUND FOR THE BENEFIT OR DISABLED
FILIPINO-BOXERS
SECTION 1. The Philippine Sportswriters Associations is authorized to hold one benefit
boxing show every year, the net proceeds of which should be for the benefit of disabled
Filipino boxers.
The benefit boxing show promoted by the Philippine Sportswriters Association pursuant
to the provisions of the Act shall be exempt from due taxes.
SECTION 2. The net proceeds of the benefit boxing shows shall constitute a trust fund
to be known as the “Disabled Filipino Boxers Trust Fund” and shall be administered by
a Board of Trustee, composed of the Chairman of the Games and Amusements Board,
as chairman and a representative of the Philippine Sportswriters Associations and of the
Philippine Boxing Association, as members.
SECTION 3. Subject to such rules and regulations as the Board of Trustees may from
time to time promulgate, the trust fund shall be available for the benefit of poor and
deserving disabled Filipino boxers.
SECTION 4. This Act shall take effective upon its approval.
Approved, June 18, 1955.
Written by dandee · Filed Under