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REPUBLIC ACT NO. 3234 - AN ACT
AUTHORIZING THE SALE, TRANSFER AND CONVEYANCE TO THE VISAYAN ELECTRIC
CO., INC., OF THE FRANCHISE AND ALL THE PROPERTIES AND RIGHTS ACQUIRED
THEREUNDER OF THE VISAYAN ELECTRIC CO., S.A., GRANTED UNDER ACT
NUMBERED THIRTY-FOUR HUNDRED NINETY-NINE, TO OPERATE, AND MAINTAIN AN
ELECTRIC LIGHT, HEAT AND POWER SYSTEM IN THE CITY OF CEBU AND IN THE
MUNICIPALITIES OF TALISAY, MINGLANILLA, NAGA, SAN FERNANDO, MANDAWE,
CONSOLACION, LILOAN AND COMPOSTELA, ALL IN THE PROVINCE OF CEBU
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| Section 1.
The sale, transfer and conveyance to the Visayan
Electric Co., Inc., of the franchise and all the properties and rights
acquired thereunder of the Visayan Electric Co., S.A., granted under
Act Numbered Thirty-four hundred ninety-nine, to operate and maintain
an electric light, heat and power system in the City of Cebu and in the
municipalities of Talisay, Minglanilla, Naga, San Fernando, Mandawe,
Consolacion, Liloan, and Compostela, all in the Province of Cebu, is
hereby authorized and approved. The Visayan Electric Co., Inc., shall,
therefore, be subject to the provisions of said Act Numbered
Thirty-four hundred ninety-nine. Sec. 2. This Act shall take effect upon its approval. Approved: June 17, 1961 |
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