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PHILIPPINE LAWS, STATUTES & CODES
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REPUBLIC ACT NO. 795 - AN ACT
GRANTING TO THE LEMERY ELECTRIC POWER COMPANY, INC., A FRANCHISE FOR AN
ELECTRIC LIGHT, HEAT AND POWER SYSTEM IN THE MUNICIPALITY OF LEMERY,
PROVINCE OF BATANGAS |
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 Lemery Electric Power Company,
Inc., 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 Lemery, Province of Batangas.
Sec. 2. 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. Sec. 3. This Act shall take effect upon its
approval. Approved: June 21, 1952 |
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