PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY
|REPUBLIC ACT NO. 2996 - AN ACT
EXTENDING THE TERM OF THE ELECTRIC LIGHT, HEAT AND POWER FRANCHISE OF
THE BACLAYON ELECTRIC LIGHT AND POWER COMPANY, INCORPORATED, AMENDING
FOR THE PURPOSE SECTION ONE OF ACT NUMBERED FORTY-TWO HUNDRED SIXTY-FIVE
1. Section one of Act Numbered Forty-two hundred
sixty-five is hereby amended to read as follows:
"Section 1. Subject to the rules and conditions established in Act Numbered Thirty-six hundred and thirty-six, there is granted to the Baclayon Electric Light and Power Company, Incorporated, for a period of another 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 power, for sale within the limits of the Municipality of Baclayon, Province of Bohol. This franchise shall not be transferable except with the approval of the Congress of the Philippines.
Sec. 2. This Act shall take effect upon its approval.
Enacted without Executive
Approval, June 19, 1960.