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| REPUBLIC ACT NO. 476 - AN
ACT GRANTING ELISEO BARBOSA A FRANCHISE FOR AN ELECTRIC LIGHT, HEAT AND
POWER PLANT IN THE MUNICIPALITY OF AJUY, PROVINCE OF ILOILO |
| 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 Eliseo Barbosa, for a period of
twenty-five 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 municipality of
Ajuy, Province of Iloilo: Provided, That the holder of the franchise
herein granted shall start operation thereof within one and one-half
years from the approval of said franchise if he is a new operator; and
within six months if he is at present holder of a municipal franchise.
Failure to comply with this requirement shall ipso facto cancel and
void this franchise. Section 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 his franchise and will turn over to the Government all serviceable equipment herein, at cost. Section 3. This Act shall take effect upon its approval. Approved: June 9, 1950 |
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