PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY
REPUBLIC ACTS
REPUBLIC ACT NO. 5247 - AN
ACT GRANTING A FRANCHISE FOR AN ELECTRIC LIGHT, HEAT AND POWER SYSTEM
TO BARTOLOME C. LIGOT IN THE MUNICIPALITY OF BAYOMBONG, PROVINCE OF
NUEVA VIZCAYA
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Section
1. Subject to the provisions of the Constitution and
to the terms and conditions established in Act Numbered Thirty-six
hundred thirty-six, as amended by Commonwealth Act Numbered One hundred
thirty-two, there is granted to Bartolome C. Ligot, for a period of
twenty-five years from the date of 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/or
distributing electric light, heat and/or power for sale within the
Municipality of Bayombong, Province of Nueva Vizcaya. The grantee shall
further have the right and privilege to install, lay and maintain on
all streets, public thoroughfares, bridges and public places within
said limits, poles, wires, transformers, capacitors, overhead
protective devices, and pole line hardware, and other equipment
necessary for the safe distribution of electric current to the
public. Sec. 2. In the event that the National Power Corporation shall have established its lines in the areas adjacent to or over the territory covered by this franchise, the National Power Corporation may make available its power and heat only after negotiation with and through or with the authority and consent of the grantee. Sec. 3. The rates for the sale of electric light, heat and/or power shall always be subject to the regulations by the Public Service Commission. Sec. 4. In consideration of the franchise and rights hereby granted, the grantee shall pay a franchise tax equal to five per centum of the gross earnings for electric current sold under this franchise of which the two per centum shall accrue to the National Government and the other three per centum to the municipality where the franchise is being operated. Sec. 5. Upon approval of this Act, the municipal franchise granted to Bartolome C. Ligot shall terminate and this franchise shall take its place. Sec. 6. This Act shall take effect upon its approval Enacted without Executive
approval, June 15, 1968. |
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