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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. 2939 - AN ACT
GRANTING GRACIANO BANOGON A FRANCHISE FOR AN ELECTRIC LIGHT, HEAT AND
POWER SYSTEM IN THE MUNICIPALITY OF TANJAY, PROVINCE OF NEGROS ORIENTAL |
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 Graciano Banogon, 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 in the Municipality of
Tanjay, Province of Negros Oriental.
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 the enterprise herein authorized, the grantee shall surrender his franchise and turn over to the Government all serviceable equipment therein at cost, less reasonable depreciation. Sec. 4. This Act shall take effect upon its
approval. Enacted without Executive
approval, June 19, 1960. |
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