PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY
REPUBLIC ACTS
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REPUBLIC ACT NO. 3337 - AN ACT
GRANTING THE TUGUEGARAO ELECTRIC PLANT CO., INC., A FRANCHISE FOR AN
ELECTRIC LIGHT, HEAT AND POWER SYSTEM IN THE MUNICIPALITY OF
TUGUEGARAO, PROVINCE OF CAGAYAN
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| Section
1. Subject to the terms and conditions establish 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 Tuguegarao
Electric Plant Co., Inc., 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 in the
Municipality of Tuguegarao, Province of Cagayan, for the purpose of
generating and distributing electric light, heat and/or power for sale
within the limits of the said municipality. 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. 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. Sec. 4. This Act shall take effect upon its approval. Enacted, without Executive approval, June 18, 1961. |
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