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REPUBLIC ACT NO. 3178 - AN ACT
APPROVING ANY ASSIGNMENT, SALE AND TRANSFER OF THE FRANCHISE GRANTED TO
ROMAN BALUYUT UNDER ACT NUMBERED THIRTY-EIGHT HUNDRED EIGHTY IN FAVOR
OF JOSE VALENCIA, JR.
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| Section 1. Subject to
the terms and conditions prescribed in Section fifteen of Act Numbered
Thirty-six hundred thirty-six, and to the provisions of the
Constitution, approval is hereby given to any assignment, sale and
transfer of the franchise granted to Roman Baluyut to install, operate
and maintain an electric light, heat and power system in the
Municipality of Apalit, Province of Pampanga, under Act Numbered
Thirty-eight hundred eighty, together with all the property and
equipment acquired thereunder, in favor of Jose Valencia,
Jr. Sec. 2. It is expressly provided that in the event the government should desire to operate and maintain for itself the said plant and enterprise, the grantee shall surrender his franchise and turn over to the Government all serviceable equipment therein, at cost, less reasonable depreciation. Sec. 3. This Act shall take effect upon its approval. Approved: June 17, 1961 |
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