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PHILIPPINE LAWS, STATUTES & CODES
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REPUBLIC ACT NO. 935 - AN ACT
GRANTING THE KIAMBA LIGHT AND POWER COMPANY, INCORPORATED, A FRANCHISE
FOR AN ELECTRIC LIGHT, HEAT AND POWER SYSTEM IN THE MUNICIPALITY OF
KIAMBA, PROVINCE OF COTABATO |
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 the Kiamba Light and Power Company,
Incorporated, 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 Kiamba, Province of Cotabato.
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 its 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 20, 1953 |
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