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REPUBLIC ACT NO. 466 - AN
ACT GRANTING JOSE CATOLICO A FRANCHISE FOR AN ELECTRIC LIGHT, HEAT AND
POWER SYSTEM IN THE MUNICIPALITY OF BUAYAN, PROVINCE OF COTABATO |
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 Jose Catolico, 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 plant for the purpose of generating and distributing
electric light, heat, and/or power for sale within the Municipality of
Buayan, Province of Cotabato: Provided, That the holder of the
franchise herein granted shall start the operation thereof within one
and a half years from the approval of said franchise.
Sec. 2. It is expressly provided that in the event the government should desire to maintain and operate for itself the plant and enterprise herein authorized, the grantee shall surrender his franchise and will turn over to the government all serviceable equipment therein, at cost. Sec. 3. This Act shall take effect upon its
approval. Approved: June 9, 1950 |
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