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REPUBLIC ACT NO. 3262 - AN ACT
APPROVING ANY ASSIGNMENT, SALE AND TRANSFER OF THE FRANCHISE GRANTED TO
THE BICOL ELECTRIC COMPANY BY REPUBLIC ACT NUMBERED NINE HUNDRED
THIRTY-FOUR TO OPERATE IN THE MUNICIPALITY OF GUBAT, PROVINCE OF
SORSOGON, IN FAVOR OF THE GUBAT ELECTRIC COMPANY, INCORPORATED
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1. Subject to the conditions of Republic Act Numbered
Nine hundred thirty-four, entitled "An Act extending and consolidating
the terms of the franchises granted by the Philippine Legislature and
the Municipal Councils of Camaligan, Canaman, Magarao, Bombon, and
Calabanga in the Province of Camarines Sur; of Ligao, Oas, and
Guinobatan in the Province of Albay; and of Gubat in the Province of
Sorsogon, to the Bicol Electric Company, to install, operate and
maintain electric light, heat and power systems in the City of Naga and
in the municipalities hereinabove named," approval is hereby given to
any assignment, sale and transfer of the franchise granted to the Bicol
Electric Company under the said Act to operate in the Municipality of
Gubat, Province of Sorsogon, together with all the property and
equipment, thereunder, in favor of the Gubat Electric Company,
Inc. Sec. 2. This Act shall take effect upon its approval. Approved: June 17, 1961. |
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