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REPUBLIC ACT NO. 6554 - AN ACT GRANTING ESTER LABRADOR A FRANCHISE TO CONSTRUCT, OPERATE AND MAINTAIN AN ICE PLANT AND COLD STORAGE FACILITIES IN THE MUNICIPALITY OF MAGARAO, PROVINCE OF CAMARINES SUR, AND TO SELL AND DISTRIBUTE ICE SO MANUFACTURED THEREIN
Subject to the conditions imposed by this Act, there is granted to
Ester Labrador, her successors or assigns, for a period of twenty-five
years after the approval of this Act, the right privilege and authority
to construct, operate and maintain an ice plant and cold storage
facilities in the Municipality of Magarao, Province of Camarines Sur,
for the purpose of manufacturing ice and furnishing cold storage, and
to sell and distribute the ice so manufactured and render cold storage
service therein, and to collect a schedule of rates, prices and charges
for the ice so manufactured, distributed and sold, and for the cold
storage service furnished which schedule of rates, prices and charges
shall at all times be subject to regulation by the Public Service
Sec. 2. The grantee shall install and maintain an ice plant or ice plants and cold storage facility or facilities in the said municipality mentioned above: provided, however, that the total daily production capacity of the ice plant so installed and maintained shall be up to the limit of the capacity of the ice plant so install subject to approval by the Public Service Commission.
Sec. 3. All the machinery, equipment and appurtenances to be used by the grantee shall be modern, safe and first class in every respect.
Sec. 4. If the grantee shall not commence the manufacture of ice within two years from the approval of this Act, unless prevented by an Act of God, force majeure, martial law, riot, civil commotion, usurpation by a military power or any other cause beyond the grantee's control, this franchise shall become null and void.
Sec. 5. This franchise is granted subject to the provisions of Commonwealth Act Numbered One hundred forty-six, as amended, only with respect to the fixing of rates, and with the understanding and upon the condition that it shall be subject to amendment, alteration or repeal by the Congress of the Philippines when the public interest so requires.
Sec. 6. The grantee shall not lease, transfer, grant the usufruct of, or assign this franchise or the rights, privileges acquired thereunder to any person, firm, company, corporation or other commercial or legal entity, nor merge with any other person, company, or corporation organized for the same purpose without the approval and/or consent of the Congress of the Philippines.
Sec. 7. In consideration of the franchise and rights hereby granted, the grantee shall pay a franchise tax equal to five per centum of the gross earnings under this franchise, three per centum of which shall accrue to the National Government and two per centum to the municipality where the franchise is in operation.
Sec. 8. This Act shall take effect upon its approval.
Approved: September 30, 1972