PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY
REPUBLIC ACT NO. 4022 - AN ACT GRANTING BENJAMIN CUARESMA A FRANCHISE TO INSTALL, MAINTAIN AND OPERATE AN ELECTRIC LIGHT, HEAT AND POWER SYSTEM IN THE MUNICIPALITY OF BAMBANG, IN THE PROVINCE OF NUEVA VIZCAYA
1. Subject to the terms and conditions established in
Act and 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 Benjamin Cuaresma
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 for the purpose of generating and
distributing electric light, heat and/or power for sale within the
Municipality of Bambang, Province of Nueva Vizcaya.
Sec. 2. In the event that the grantee shall purchase and secure electric heat and power from the National Power Corporation, the latter is hereby authorized to negotiate and transact for the benefit and in behalf of the public consumers with reference to rates.
Sec. 3. This Act shall take effect upon its approval.
Approved: June 18, 1964