REPUBLIC ACT NO. 4052 - AN ACT
AMENDING SECTION ONE OF REPUBLIC ACT NUMBERED TWENTY-THREE HUNDRED
THIRTY-NINE, AS AMENDED BY REPUBLIC ACT NUMBERED TWENTY-NINE HUNDRED
NINETY-FIVE, AUTHORIZING THE TACLOBAN ELECTRIC LIGHT AND ICE PLANTS
CO., INC., TO EXTEND ITS ELECTRIC LIGHT, HEAT AND POWER SYSTEM TO THE
MUNICIPALITIES OF PALO AND TANAUAN, BOTH IN THE PROVINCE OF LEYTE
Section 1. Section one of Republic Act Numbered Twenty-three
hundred thirty-nine, as amended by Republic Act Numbered Twenty-nine
hundred ninety-five is further amended to read as follows:
"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 the provisions
of the Constitution, the term of the electric light, heat and power
system franchise granted to J. V. House by Act Numbered Twenty-seven
hundred, as amended, and later transferred to the Tacloban Electric
Light and Ice Plants Co., Inc., in accordance with the provisions of
the last mentioned Act, is extended for a period of twenty-five years
from the date of expiration of the said franchise, but hereafter the
Tacloban Electric Light and Ice Plants Co., Inc., shall be governed by
the provisions of Act Numbered Thirty-six hundred thirty-six, as
amended, and not by the provisions of Act Numbered Twenty-seven
hundred, as amended, except the provisions of the latter Act regarding
the franchise tax on gross earnings thereof which shall continue to be
in full force and effect and which shall be in lieu of any and all
takes of any kind, nature or description, whether national, provincial,
city or municipal. During the life of the franchise of the grantee,
under the same terms and conditions as provided for in this section, it
shall have the right, privilege and authority to extend its electric
light, heat and power system for the purpose of generating and
distributing electric light, heat and/or power for sale in the
Municipalities of Palo and Tanauan, both in the Province of Leyte."
Sec. 2. This Act shall take effect upon its
approval.
Approved: June 18, 1964
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