PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY
REPUBLIC ACTS
REPUBLIC ACT NO. 3681 - AN ACT
GRANTING THE BUGUEY ELECTRIC COMPANY, INC., A FRANCHISE FOR AN ELECTRIC
LIGHT, HEAT AND POWER SYSTEM IN CERTAIN MUNICIPALITIES IN THE PROVINCE
OF CAGAYAN
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Section
1. Subject to the terms and conditions established in
Act Numbered Thirty-Six Hundred Thirty-Six, as amended by Commonwealth
Act Numbered One Hundred Thirty-Two, and to the provisions of the
Constitution, there is granted to the Buguey Electric Company, 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 and/or obtain a power allocation
from the National Power Corporation, for the purpose of generating and
distributing electric light, heat and/or power for sale within the
municipalities of Buguey, Sta. Ana, Gonzaga, Camalaniugan, All-lo,
Gattaran, Alcala, Baggao, Amulung, Peblanca and Iguig, all in
the Province of Cagayan.
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. Approved: June 22, 1963 |
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