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REPUBLIC ACT NO. 3215 - AN ACT
GRANTING THE SPOUSES JOSE S. RECTO AND BERNARDITA DOMINGO A FRANCHISE
TO ESTABLISH, OPERATE AND MAINTAIN AN ELECTRIC LIGHT, HEAT, AND POWER
SYSTEM IN THE MUNICIPALITIES OF BAYAMBANG AND BAUTISTA, PROVINCE OF
PANGASINAN
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| Section 1.
Subject to the provisions of the Constitution and to
the terms and conditions established in Act Numbered Thirty-six hundred
and thirty-six, as amended by Commonwealth Act Numbered One hundred and
thirty-two, there is granted to the spouses Jose S. Recto and
Bernardita Domingo, for a period of fifty years from the approval of
this Act, the right, privilege and authority to establish, operate and
maintain an electric light, heat and power system for the purpose of
generating and distributing electric light, heat and/or power for sale
within the municipalities of Bayambang and Bautista, Province of
Pangasinan. Sec. 2. In the event that the grantee shall purchase and secure from the National Power Corporation electric heat and power, the National Power Corporation is hereby authorized to negotiate and transact for the benefit and in behalf of the public consumers with reference to rates. Sec. 3. It is expressly provided that in the event the Government should desire to operate and maintain for itself the system and enterprise herein authorized, the grantee shall surrender this franchise and will turn over to the Government all serviceable equipment therein, at cost, less reasonable depreciation. Sec. 4. This Act shall take effect upon its approval. Approved: June 17, 1961 |
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