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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. 2296 - AN ACT
GRANTING THE CABATUAN ELECTRIC COMPANY A FRANCHISE FOR AN ELECTRIC
LIGHT, HEAT AND POWER SYSTEM IN THE MUNICIPALITY OF CABATUAN, PROVINCE
OF ISABELA |
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 Cabatuan
Electric Company 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 Municipality of Cabatuan, Province of Isabela.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 the 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 turn over to the Government all serviceable equipment, at cost, less reasonable depreciation.cralaw
Sec. 4. This Act shall take effect upon its
approval.cralaw |
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