Republic Act No. 5246

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REPUBLIC ACTS




REPUBLIC ACT NO. 5246
REPUBLIC ACT NO. 5246 - AN ACT FURTHER AMENDING REPUBLIC ACT NUMBERED FORTY HUNDRED TWELVE, ENTITLED "AN ACT GRANTING POTOTAN ELECTRIC LIGHT AND POWER CORPORATION A FRANCHISE FOR AN ELECTRIC LIGHT, HEAT AND POWER SYSTEM IN THE MUNICIPALITY OF POTOTAN, PROVINCE OF ILOILO"

Section 1. Section one of Republic Act Numbered Forty hundred twelve, as amended, is hereby further amended to read as follows:

"Section 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 hereby granted to Pototan Electric Light and Power Corporation in the Municipality of Pototan, Province of Iloilo, for a period of twenty-five years from approval of this Act, the right, privilege and authority to construct, maintain and operate electric light, heat and power system and an ice plant for the purpose of generating, distributing electric light, heat and/or power and manufacturing ice for distribution and sale within the said municipality, all the municipalities of the Fourth Legislative District of Iloilo, and in the neighboring municipalities which heretofore, do not have the franchise to manufacture and sell ice: Provided, however, That in the case of the other municipalities not having present franchise to manufacture or sell light, heat, power or ice, the herein grantee shall not impose any objection to the construction, maintenance and operation of similar franchise by other persons who may hereafter be granted a franchise for the purpose."

Sec. 2. This Act shall take effect upon its approval.

Enacted without Executive approval, June 15, 1968.

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