PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY
REPUBLIC ACTS
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REPUBLIC ACT NO. 3999 - AN ACT
GRANTING RENE T. HAMOY A FRANCHISE TO INSTALL, OPERATE AND MAINTAIN AN
ELECTRIC LIGHT, HEAT AND POWER SYSTEM IN THE MUNICIPALITY OF PINAN,
PROVINCE OF ZAMBOANGA DEL NORTE
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| Section 1. Subject to the
terms and conditions established in this Act and 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 Rene T. Hamoy, hereinafter called the
grantee, for a period of twenty-five years from the approval of this
Act, the right, privilege and authority to install, maintain and
operate an electric light, heat and power system in the Municipality
Pinan, Province of Zamboanga del Norte, and to sell and distribute
electric heat and power within 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 his franchise and shall 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 18, 1964 |
