PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY
REPUBLIC ACTS
| REPUBLIC ACT NO. 2286 - AN ACT TO
GRANT THE MUNICIPALITY OF BUHI, PROVINCE OF CAMARINES SUR, 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
Buhi, Province of Camarines Sur, 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.cralaw 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.cralaw Sec. 3. It is expressly provided that in the event the Government should desire to maintain and operate for itself the system and enterprise herein authorized, the grantee shall surrender its franchise and will turn over to the Government all serviceable equipment therein, at cost, less reasonable depreciation.cralaw
Sec. 4. This Act shall take effect upon its
approval.cralaw |
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