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| REPUBLIC ACT NO. 2339 - AN ACT
EXTENDING THE TERM OF THE ELECTRIC LIGHT, HEAT AND POWER FRANCHISE OF
THE TACLOBAN ELECTRIC LIGHT AND ICE PLANTS CO., INC |
|
Section 1. Subject to the terms and conditions established in
Act Numbered Thirty-six hundred thirty-six, as amended by Commonwealth
Act Numbered One hundred thirty-two, and the provisions of the
Constitution, the term of the electric light, heat and power system
franchise granted to J. V. House by Act Numbered Twenty-seven hundred,
as amended, and later transferred to the Tacloban Electric Light and
Ice Plants Co., Inc., in accordance with the provisions of the last
mentioned Act, is extended for a period of twenty-five years from the
date of expiration of the said franchise.cralaw
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 its franchise and will turn over to the government all serviceable equipment therein, at cost, less reasonable depreciation.cralaw
Sec. 3. This Act shall take effect upon its
approval.cralaw Approved: June 19, 1959 |
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