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PHILIPPINE LAWS, STATUTES & CODES
A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
Republic Acts :
REPUBLIC ACTS
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REPUBLIC ACT NO. 1017 - AN ACT
GRANTING ALFREDO L. NOEL A FRANCHISE FOR AN ELECTRIC LIGHT, HEAT AND
POWER SYSTEM IN THE MUNICIPALITY OF COMPOSTELA, 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 distributing electric light, heat and/or power
for there is granted to Alfredo L. Noel, for a period of twenty-five
years from the approval of this Act, the right, privilege, and
thirty-two, and to the provisions of the Constitution, light, heat and
power system for the purpose of generating and authority to construct,
maintain, and operate an electric sale within the Municipality of
Compostela, Province of Davao.cralaw
Sec. 2. In the event that the grantee shall purchase and secure from the National Power Corporation electric heat and power, the National Power Corporation is hereby authorized to negotiate and transact for the benefit and in behalf of the public consumers with reference to rates. Sec. 3. 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 his franchise and will turn over to the Government all serviceable equipment therein, at cost, less reasonable depreciation.cralaw
Sec. 4. This Act shall take effect upon its
approval.cralaw Approved: June 12, 1954 |
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