PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY
REPUBLIC ACTS
.
|
REPUBLIC ACT NO. 3910 - AN ACT
GRANTING JOSE B. JAUCIAN A FRANCHISE FOR AN ELECTRIC LIGHT, HEAT AND
POWER SYSTEM IN THE MUNICIPALITY OF LIBMANAN, PROVINCE OF CAMARINES SUR
|
| 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 Jose B. Jaucian, 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 Municipality of Libmanan, Province of Camarines
Sur. 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 fair market value, less reasonable depreciation. Sec. 4. This Act shall take effect upon its approval. Approval: June 18, 1964 |
chanroblesvirtuallawlibrary
Since 19.07.98
