PHILIPPINE LAWS, STATUTES & CODES
PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW
ACT NO. 5848
REPUBLIC ACT NO. 5848 - AN
ACT GRANTING FELIPE C. ADAMOS A FRANCHISE TO CONSTRUCT, OPERATE AND
MAINTAIN AN ICE PLANT AND COLD STORAGE IN THE MUNICIPALITY OF SAN
FELIPE, PROVINCE OF ZAMBALES AND TO SELL ICE AND SUPPLY COLD STORAGE IN
THE SAID PROVINCE
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1. Subject to the terms and conditions established in
this Act and in Commonwealth Act Numbered One hundred forty-six, as
amended, and to the provisions of the Constitution, there is hereby
granted to Felipe C. Adamos for a period of twenty-five years from the
approval of this Act, the right, privilege and authority to construct,
operate and maintain and ice plant and cold storage in Municipality of
San Felipe, Province of Zambales, for the purpose of manufacturing ice
for distribution and sale, and for supplying cold storage in the said
province, and to charge and collect a schedule of prices and rates
therefor which schedule shall at all times be subject to regulation by
the Public Service Commission or its legal successor.
Sec. 2. The grantee shall manufacture and supply
ice up to the limit of the capacity of his plant, said limit to be
determined by the Public Service Commission, and sell at the same at
rates to be determined by the said Commission.
Sec. 3. All apparatus and appurtenances to be used
by the grantee shall be modern, safe and first class in every respect
and the grantee shall, whenever the Public Service Commission shall
determine that public interest reasonably requires it, change or alter
any of its apparatus and appurtenances at grantee's expense.
Sec. 4. If the grantee shall not commence the
construction of his ice plant and cold storage within two years from
the approval of this Act, unless prevented by an act of God or force
majeure, martial law, riot, civil commotion, usurpation by a military
power, or any other cause beyond the grantee's control, this franchise
shall become null and void.
Sec. 5. This franchise is granted with the
understanding and upon the condition that it shall be subject to
amendment, alteration, or repeal by the Congress of the Philippines
when the public interest so requires.
Sec. 6. The grantee shall be liable to pay the
same taxes, unless exempted therefrom, on his business, real estate,
buildings, and personal property, exclusive of this franchise, as other
persons or corporations are now or hereafter may be required by law to
Sec. 7. The books, records and accounts of the
grantee shall always be open to the inspection of the Auditor General
or his authorized representatives, and it shall be the duty of the
grantee to submit to the Auditor General quarterly reports in duplicate
showing the gross receipts for the quarter past.
Sec. 8. In consideration of this franchise the
grantee shall pay a tax equivalent to five per cent (5%) of his gross
Sec. 9. This Act shall take effect upon its
Enacted without Executive
approval, June 21, 1969.
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