PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY
REPUBLIC ACTS
| REPUBLIC ACT NO. 399 - AN ACT
GRANTING THE BUTUAN SAWMILL, INCORPORATED, A FRANCHISE FOR AN ELECTRIC
LIGHT, HEAT AND POWER SYSTEM AT BUTUAN AND CABADBARAN, PROVINCE OF
AGUSAN |
| 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 Butuan Sawmill, Incorporated, 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 plant for the purpose of generating and
distributing electric light, heat, and/or power for sale within the
municipalities of Butuan and Cabadbaran, Province of
Agusan. 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 its 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 18, 1949 |
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