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PHILIPPINE LAWS, STATUTES & CODES
A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
Republic Acts :
REPUBLIC ACTS
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REPUBLIC ACT NO. 5791 - AN
ACT GRANTING BURAUEN ELECTRIC AND ICE PLANT CORPORATION A FRANCHISE TO
CONSTRUCT, OPERATE AND MAINTAIN AN ELECTRIC LIGHT AND POWER SYSTEM, AN
ICE PLANT AND COLD STORAGE IN THE MUNICIPALITY OF BURAUEN, PROVINCE OF
LEYTE, AND TO SELL ELECTRIC CURRENT, ICE AND TO SUPPLY COLD STORAGE
THEREIN Section 1. Subject to the conditions imposed by this Act, there is hereby granted to Burauen Electric and Ice Plant Corporation for a period of twenty-five years from the approval of this Act a franchise to construct, operate and maintain an electric light and power system, an ice plant and cold storage in the Municipality of Burauen, Province of Leyte, for the purpose of manufacturing and distributing ice and supplying electric current and cold storage therein and to charge and collect a schedule of prices and rates for the electric current, ice and cold storage so furnished, which schedule of prices and rates shall at all times be subject to regulations by the Public Service Commission or its legal successor. Sec. 2. Said grantee shall generate and supply electric current, manufacture and supply ice up to the limit of the capacity of its plant, said limit to be determined by the Public Service Commission or its legal successors in such certificate of convenience and public necessity as may be issued by it as prescribed by Section four of this Act. Sec. 3. All the apparatus and appurtenances to be used by the grantee shall be modern, safe and first class in every respect, and the grantee, whenever the Public Service Commission or its legal successor shall determine that public interest reasonably requires it, shall change or alter any of its plant's apparatus and appurtenances at grantee's expense. Sec. 4. The grantee shall not exercise any right
or privilege under this franchise nor commence any construction
thereunder, unless and until the grantee shall first file with the
Public Service Commission or its legal successor within one hundred and
twenty days from the date of approval of this Act, the following: Sec. 5. After grantee's compliance with the
requirements of the next preceding section, the Public Service
Commission or its legal successor, by proper order shall authorize the
construction of necessary for the work for the purposes of this
franchise within a reasonable time to be determined by the Commission. Sec. 6. This franchise is granted subject to the
provisions of the Constitution and Commonwealth Act Numbered One
hundred forty-six, as amended, and with the understanding and upon the
condition of that it shall be subject to amendment, alteration or
repeal by the Congress of the Philippines when public interest so
requires. Sec. 7. The books, records and accounts of the grantee shall always be open to the inspection of the provincial treasurer or his authorized representatives, and it shall be the duty of the grantee to submit to the said treasurer quarterly reports in duplicate showing the gross receipts for the quarter past, one of which shall be forwarded by the said treasurer to the Auditor General, who shall keep the same on file. Sec. 8. The grantee shall be liable to pay the same taxes, unless exempted therefrom, on its business, real estate, buildings, and personal property, exclusive of this franchise, as other persons or corporations are now or hereafter may be required by law to pay. Sec. 9. The grantee, with the approval of the
Congress of the Philippines first had, may sell, lease, grant, convey,
assign, give in usufruct or transfer this franchise and all property
and rights acquired thereunder to any individual, co-partnership,
private, public or quasi-public association, corporation, or government
stock company competent to operate the business hereby authorized but
the transferee of the title to the franchise or any right or ownership
or interest acquired under such sale, lease, grant, conveyance,
assignment, gift in usufruct shall be firmly bound to comply with all
the terms and conditions imposed upon the grantee by this franchise and
by any all certificate of convenience and public necessity therefor
issued by the Public Service Commission or its legal successor, and to
accept the same subject to all existing terms and conditions. Enacted without Executive
approval, June 21, 1969. |
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