PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY
REPUBLIC ACTS
REPUBLIC ACT NO. 448 - AN
ACT GRANTING DOMICIANO B. DE JESUS A FRANCHISE FOR AN ELECTRIC LIGHT,
HEAT AND POWER SYSTEM IN THE MUNICIPALITY OF AGNO, PROVINCE OF
PANGASINAN |
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 and thirty-two, and to the provisions of the
Constitution, there is granted to Domiciano B. de Jesus, 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/or power system for the purpose of generating
and distributing electric light, heat and/or power for sale within the
limits of the municipality of Agno, Province of Pangasinan: Provided,
That the holder of the franchise herein granted shall start operation
thereof within one and one-half years from the approval of said
franchise if he is not an actual operator; and within six months if he
is already a holder of a municipal franchise. Failure to comply with
this requirement shall ipso facto cancel and void the franchise. Sec. 2. It is expressly provided that in the event the Government should desire to maintain and operate for itself the plant and enterprise herein authorized, the grantee shall surrender its franchise and will turn over to the Government all serviceable equipment therein, at cost. Sec. 3. This Act shall take effect upon its approval. Approved: June 8, 1950 |
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