PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY
REPUBLIC ACTS
|
REPUBLIC ACT NO. 5819 - AN
ACT GRANTING MAGILIW SERVICE CORPORATION A FRANCHISE TO CONSTRUCT,
OPERATE AND MAINTAIN AN ICE PLANT AND COLD STORAGE IN THE BARRIO OF
CARMEN, MUNICIPALITY OF ROSALES, PROVINCE OF PANGASINAN AND TO SELL,
ICE AND SUPPLY COLD STORAGE WITHIN THE MUNICIPALITIES OF ROSALES,
VILLASIS, STO. TOMAS, ALCALA, BALUNGAO AND UMINGAN, ALL IN THE PROVINCE
OF PANGASINAN
|
| Section
1. Subject to the conditions imposed by this Act,
there is hereby granted to the Magiliw Service Corporation,
hereinafter, referred to as the grantee, a franchise to construct,
operate and maintain an ice plant with a daily productive capacity of
fifty tons and cold storage with a capacity of ten thousand cubic
meters in the Barrio of Carmen, Municipality of Rosales, Province of
Pangasinan for the purpose of manufacturing and distributing ice and
supplying cold storage in the said barrio and the Municipalities of
Rosales, Villasis, Sto. Tomas, Alcala, Balungao, and Umingan, all in
the Province of Pangasinan and to charge and collect a schedule of
prices and rates for the ice and cold storage so furnished, which
schedule of prices and rates shall at all times be subject to
regulation by the Public Service Commission. Sec. 2. This franchise shall continue for a period of twenty-five years from the date said plant is placed in operation and commences the manufacture and distribution of ice in the barrio and the municipalities of Rosales, Villasis, Sto. Tomas, Alcala, Balungao and Umingan, all in the Province of Pangasinan, subject to the express condition that this franchise shall be null and void unless the construction of said plant be begun within two years from the date of the approval of this Act and completed within four years from the date, except when prevented by an act of God, or force majeure, martial law, riot, civil commotion, usurpation by military power or any other cause beyond the grantee's control. Sec. 3. The apparatus and appurtenances to be used by the grantee shall be modern, safe and first class in every respect and, whenever, the Public Service Commission shall determine that public interest reasonably requires it, the grantee shall change or alter any of the apparatus and appurtenances at its expense. Sec. 4. The books, records and accounts of the grantee shall always be open to inspection by the provincial treasurer or his authorized representatives, and it shall be the duty of the grantee to submit to the provincial treasurer quarterly reports in duplicate, showing the gross receipts for the past quarter, one of which shall be forwarded by the provincial treasurer to the Auditor General, who shall keep the same on file. Sec. 5. In consideration of this franchise the grantee shall pay a tax equivalent to five per cent of its gross income. Sec. 6. This Act shall take effect upon its approval. Enacted without Executive
approval, June 21, 1969. |
chanroblesvirtuallawlibrary
