REPUBLIC ACT NO. 6024 - AN
ACT AMENDING REPUBLIC ACT NUMBERED FORTY-FIVE HUNDRED FIFTY (RE:CE
PLANT IN HAGONOY, DAVAO DEL SUR)
Section 1. The title of Republic Act Numbered Forty-five
hundred fifty is amended to read as follows:
"An Act granting Rural Electrification Corporation a franchise to
construct, operate and maintain an ice plant and cold storage in the
Municipality of Hagonoy and in any municipality within the Province of
Davao del Sur."
Sec. 2. Section one of the same Act is hereby
amended to read as follows:
"Section 1. Subject to the terms and conditions
established in this Act and in Commonwealth Act Numbered One hundred
forty-six, as amended, and to the provisions of the Constitution, Rural
Electrification Corporation is hereby granted for a period of
twenty-five years from the approval of this Act, the right, privilege
and authority to construct, operate and maintain an ice plant and cold
storage in the Municipality of Hagonoy and in any municipality within
the Province of Davao del Sur, for the purpose of manufacturing ice for
distribution and sale and for supplying cold storage in the
municipalities in the Province of Davao del Sur and to charge and
collect a schedule of prices and rates therefore, which schedule shall
at all times be subject to regulation by the Public Service Commission
or its legal successors."
Sec. 3. Section two of the same Act is amended to
read as follows:
"Sec. 2. The grantee shall manufacture and supply ice
up to the limit of the capacity of its plant, or plants."
Sec. 4. Section four of the same Act is amended to
read as follows:
"Sec. 4. If the grantee shall not commence the
construction of the said plants within three years from the approval of
this Act, unless prevented by an act of God, or force majeure, martial
law, riot, civil commotion, usurpation by a military power, or any
other cause beyond the grantee's control, this franchise shall become
null and void."
Sec. 5. Section seven of the same Act is amended
to read as follows:
"Sec. 7. The grantee shall be liable to pay the same
taxes, unless exempted therefrom, on its business, real estate,
buildings and personal property, exclusive of this franchise, as other
persons or corporations are now or hereafter may be required by law to
pay."
Sec. 6. This Act shall take effect upon its
approval.
Enacted without Executive
approval, August 4, 1969.
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