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| REPUBLIC ACT NO. 2293 - AN ACT
APPROVING THE SALE MADE IN FAVOR OF FELIX O. HERNANDEZ BY THE SAN
FERNANDO ELECTRIC LIGHT AND POWER COMPANY, INC., OF ITS FRANCHISE TO
INSTALL, OPERATE AND MAINTAIN AN ELECTRIC LIGHT, HEAT AND POWER SYSTEM
IN THE MUNICIPALITY OF MASANTOL, PROVINCE OF PAMPANGA |
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Section 1.
Subject to the terms and conditions prescribed in
section fifteen Act Numbered Thirty-six hundred thirty-six, as amended
by Commonwealth Act Numbered One hundred thirty-two, and to the
provisions of the Constitution, the sale made in favor of Felix O.
Hernandez by the San Fernando Electric Light and Power Company, Inc.,
of its franchise granted under Act Numbered Thirty-eight hundred eighty
to install, operate and maintain an electric light, heat and power
system in the Municipality of Masantol, Province of Pampanga, is
approved. Section 2. It is expressly provided that in the event the government should desire to maintain and operate for itself the said plant and enterprise, the vendee shall surrender his franchise and turn over to the Government all serviceable equipment, act cost, less reasonable depreciation. Section 3. This Act shall take effect upon its approval. Approval: June 19, 1959 |
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