PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY
REPUBLIC ACTS
| REPUBLIC ACT NO. 2940 - AN ACT TO
GRANT THE MUNICIPALITY OF CATEEL, PROVINCE OF DAVAO, A FRANCHISE FOR AN
ELECTRIC LIGHT, HEAT AND POWER SYSTEM |
|
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 Municipality of Cateel, Province
of Davao, 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 limits of the said municipality. 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. This Act shall supersede Republic Act Numbered Thirteen hundred fifty-three, which latter Act is hereby repealed. Sec. 4. This Act shall take effect upon its approval. Enacted without Executive
approval, June 19, 1960. |
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