PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY
REPUBLIC ACT NO. 4062 - AN ACT GRANTING A FRANCHISE FOR AN ELECTRIC LIGHT, HEAT AND POWER SYSTEM IN THE CERTAIN MUNICIPALITIES IN THE PROVINCE OF NEGROS ORIENTAL
1. Subject to the terms and conditions established in
Act Numbered Thirty-six hundred and thirty-six, as amended by
Commonwealth Act Numbered One hundred thirty-two, and to the provisions
of the Constitution, there is granted to each of the municipalities of
Bindoy, Jimalalod and La Libertad, all in the Province of Negros
Oriental, 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 each of the said municipalities.
Sec. 2. In the event that any of the municipalities above-mentioned shall purchase and secure from the National Power Corporation electric heat and power, 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