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| Home > Chan Robles Virtual Law Library > Philippine Laws, Statutes & Codes > Republic Acts : |
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REPUBLIC ACTS
| REPUBLIC ACT NO. 941 - AN ACT
GRANTING MRS. RHODE E. YONZON A FRANCHISE TO CONSTRUCT, MAINTAIN AND
OPERATE AN ELECTRIC LIGHT, HAET AND POWER SYSTEM IN THE MUNICIPALITY OF
CALATRAVA, NEGROS OCCIDENTAL |
| 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 the provisions of the
Constitution, there is granted to Mrs. Rhode E. Yonzon, 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 system for the purpose of generating and distributing
light, heat, and/or power for sale within the municipality of
Calatrava, Province of Negros Occidental. Sec. 2. It is expressly provided that in the event the government should desire to maintain and operate for itself the system and enterprise herein authorized, the grantee shall surrender her franchise and will turn over to the Government all serviceable equipment therein, at cost, less reasonable depreciation. Approved: June 20, 1953 |
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