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PHILIPPINE LAWS, STATUTES & CODES
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REPUBLIC ACT NO. 316 - AN
ACT TO GRANT TO VIGAN ELECTRIC LIGHT COMPANY A FRANCHISE FOR AN
ELECTRIC LIGHT, HEAT, AND POWER SYSTEM IN THE MUNICIPALITIES OF VIGAN,
CAOAYAN, BANTAY, SAN VICENTE AND STA. CATALINA, PROVINCE OF ILOCOS SUR |
Section 1. Subject 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, and to the
provisions of the Constitution, there is granted to Vigan Electric
Light Company, 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 plant for the purpose of
generating and distributing electric light, heat and/or power for sale
within the limits of the municipalities of Vigan, Caoayan, Bantay, San
Vicente, and Santa Catalina, Province of Ilocos Sur.
Sec. 2. It is expressly provided that in the event the Government should desire to maintain and operate for itself the plant 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. Sec. 3. This Act shall take effect upon its
approval. Approved: June 19, 1948 |
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