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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. 2341 - AN ACT
GRANTING THE ANGELES ELECTRIC CORPORATION A FRANCHISE FOR AN ELECTRIC
LIGHT, HEAT AND POWER SYSTEM IN THE MUNICIPALITY OF ANGELES, PROVINCE
OF PAMPANGA |
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 Angeles
Electric Corporation, 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 electric light, heat and/or
power for sale within the Municipality of Angeles, Province of Pampanga.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 its 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: Provided, That should the grantee fail to construct and
operate its electric light, heat and power system within three years
from the approval of this Act, the franchise therefor shall be null and
void.cralaw Approved: June 20, 1959 |
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