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REPUBLIC ACT NO. 3826 - AN ACT
GRANTING THE ALGER ELECTRIC, INC., A FRANCHISE FOR AN ELECTRIC LIGHT,
HEAT AND POWER SYSTEM IN THE MUNICIPALITIES OF STO. TOMAS, DAMORTIS AND
ROSARIO, PROVINCE OF LA UNION, AND SISON, PROVINCE OF PANGASINAN
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Section
1. Subject to the provisions of the Constitution and
to the terms and conditions established in Act Numbered Thirty-six
hundred thirty-six, as amended by Commonwealth Act Numbered One hundred
thirty-two, there is granted to the Alger Electric, Inc., a corporation
duly organized and existing under the laws of the Republic of the
Philippines, for a period of fifty years from the date of approval of
this Act, the right, privilege and authority to construct, maintain and
operate an electric light, heat and power system for the purpose of
generating and/or distributing electric light, heat and/or power for
sale within the municipalities of Sto. Tomas, Damortis and Rosario,
Province of La Union, and Sison, Province of Pangasinan. The grantee
shall further have the right and privilege to install, lay and maintain
on all streets, public thoroughfares, bridges and public places within
said limits, poles, wires, transformers, capacitors, overhead
protective devices, and pole line hardware, and other equipment
necessary for the safe distribution of electric current to the
public.
Sec. 2. In the event that the National Power Corporation shall have established its lines in the areas adjacent to or over the territory covered by this franchise, the National Power Corporation may make available its power and heat only after negotiation with and through the Alger Electric, Inc., or with the authority and consent of the grantee. Sec. 3. The rates for the sale of electric light, heat and/or power shall always be subject to regulation by the Public Service Commission. Sec. 4. In consideration of the franchise and rights hereby granted, the grantee shall pay a franchise tax equal to two per centum of the gross earnings for electric current sold under this franchise: Provided, that the said franchise tax of two per centum of the gross earnings shall be in lieu of all taxes and assessments of whatever authority upon privileges, earnings, income, franchise, and poles, wires, transformers, and insulators of the grantee, from which taxes and assessments the grantee is hereby expressly exempted. Sec. 5. Upon approval of this Act, the municipal franchise granted to Gerarda Tabora shall terminate and this franchise shall take its place. Sec. 6. This Act shall take effect upon its approval. Approved: June 22, 1963 |
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