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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. 2383 - AN ACT
GRANTING PORFIRIO ROYO AND CLEMENTA FERNANDEZ A FRANCHISE FOR AN
ELECTRIC LIGHT, HEAT AND POWER SYSTEM IN THE MUNICIPALITY OF KAPALONG,
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 thirty-two, and to the provisions
of the Constitution, there is granted to Porfirio Royo and Clementa
Fernandez, 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 Kapalong, Province of Davao.cralaw
Sec. 2. In the event that the grantees 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 grantees shall surrender their 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 20, 1959 |
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