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REPUBLIC ACT NO. 4159 - AN ACT
EXTENDING FURTHER UNDER CERTAIN CONDITIONS THE TERM OF THE FRANCHISE
GRANTED IN PURSUANCE OF THE AUTHORITY UNDER ACTS NUMBERED FOUR HUNDRED
EIGHTY-FOUR AND ONE THOUSAND ONE HUNDRED TWELVE BY THE MUNICIPAL BOARD
OF THE CITY OF MANILA TO CHARLES M. SWIFT AND LATER ASSUMED AND TAKEN
OVER BY THE MANILA ELECTRIC COMPANY, AS CONTAINED IN ORDINANCE NUMBERED
FORTY-FOUR, PARTS TWO AND THREE, AS AMENDED OF THE SAID MUNICIPAL BOARD
OF THE CITY OF MANILA, TO CONSTRUCT, MAINTAIN, AND OPERATE AN ELECTRIC
LIGHT, HEAT AND POWER SYSTEM FOR THE PURPOSE OF GENERATING AND
DISTRIBUTING FOR SALE ELECTRIC LIGHT, HEAT AND POWER THROUGHOUT THE
CITY OF MANILA AND ITS SUBURBS, AS EXTENDED BY REPUBLIC ACT NUMBERED
ONE HUNDRED FIFTY
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| SECTION
1. Subject to the provisions of the Constitution of
the Philippines, Republic Act Numbered One hundred fifty, and of this
Act, the term of the franchise granted in pursuance of the authority
under Acts Numbered Four hundred eighty-four and One thousand one
hundred twelve of the Philippine Commission by the Municipal Board of
the City of Manila to Charles M. Swift, and later assumed and taken
over by the Manila Electric Company, as contained in Ordinance Numbered
Forty-four, Parts two and Three, as amended, of the said Municipal
Board of the City of Manila, to construct, maintain and operate an
electric light, heat and power system for the purpose of generating and
distributing for sale electric light, heat and power throughout the
City of Manila and its suburbs, as extended by Republic Act Numbered
One hundred fifty, is hereby further extended, under the same terms and
conditions therein provided, for a period of thirty years from the date
of its expiration. SECTION 2. The extension herein granted shall be effective in the grantee, the Manila Electric Company, shall file with the Office of the President of the Philippines its acceptance in writing of the provisions of this Act within three months after the approval of the same. SECTION 3. This Act shall take effect upon its approval. Approved: June 20, 1964 |
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