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REPUBLIC ACT NO. 788 - AN ACT
GRANTING ROMULO V. RAMOS A FRANCHISE FOR AN ELECTRIC LIGHT, HEAT AND
POWER SYSTEM IN THE MUNICIPALITIES OF STA. CRUZ AND DIGOS, PROVINCE OF
DAVAO |
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 Romulo V. Ramos, for a period of
fifty years from the approval of this Act, the right, privilege, and
authority to construct, maintain, and operate an electric light, heat
and power system for the purpose of generating and distributing
electric light, heat and/or power for sale within the limits of the
Municipalities of Sta. Cruz and Digos, Province of Davao.
Sec. 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 therein, at cost, less reasonable depreciation. Sec. 3. This Act shall take effect upon its
approval. Approved: June 21, 1952 |
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