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PHILIPPINE LAWS, STATUTES & CODES
A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
Republic Acts :
REPUBLIC ACTS
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REPUBLIC ACT NO. 2333 - AN ACT
GRANTING DUMLAO ENTERPRISES, INC., A FRANCHISE FOR AN ELECTRIC LIGHT,
HEAT AND POWER SYSTEM IN THE MUNICIPALITY OF BATAC, PROVINCE OF ILOCOS
NORTE |
Section 1.
Subject to the terms and conditions established in
Act Numbered Thirty-six hundred thirty-six, as amended by Commonwealth
Act Numbered One hundred thirty-two, and to the provisions of the
Constitution, there is granted to Dumlao Enterprises, Inc., for a
period of fifty years from the approval of this Act, the right,
privilege and authority to construct, maintain and operate an electric
light, heat and power system, and/or obtain a power allocation from the
National Power Corporation, for the purpose of generating and
distributing electric light, heat and/or power for sale within the
Municipality of Batac, Province of Ilocos Norte.cralaw
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 maintain and operate for itself the system and enterprise herein authorized, the grantee shall surrender its franchise and will turn over to the Government all serviceable equipment therein, at cost, less reasonable depreciation.cralaw
Sec. 4. This Act shall take effect upon its
approval.cralaw Approved: June 19, 1959 |
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