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| REPUBLIC ACT NO. 798 - AN ACT
GRANTING LUCAS MARTINEZ A FRANCHISE FOR AN ELECTRIC LIGHT, HEAT AND
POWER SYSTEM IN THE MUNICIPALITY OF BUGASONG, PROVINCE OF ANTIQUE |
| Section 1.
Subject to the terms and conditions established in Act Numbered
Thirty-six 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 Lucas Martinez, 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 Bugasong,
Province of Antique: 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.
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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