AN ACT APPROVING THE MERGER BETWEEN GLOBE MACKAY CABLE AND RADIO CORPORATION AND CLAVECILLA RADIO SYSTEM AND THE CONSEQUENT TRANSFER OF THE FRANCHISE OF CLAVECILLA RADIO SYSTEM GRANTED UNDER REPUBLIC ACT NO. 402, AS AMENDED, TO GLOBE MACKAY CABLE AND RADIO CORPORATION, EXTENDING THE LIFE OF SAID FRANCHISE, AND REPEALING CERTAIN SECTIONS OF REPUBLIC ACT NO. 402, AS AMENDED.