PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY
REPUBLIC ACTS
REPUBLIC ACT NO. 467 - AN
ACT TO GRANT TO MRS. ARSENIO R. FRIAL, MRS. JOSE FILLIONES AND MRS.
ANGELES L. VILLAREAL A FRANCHISE FOR AN ELECTRIC LIGHT, HEAT AND POWER
PLANT IN THE MUNICIPALITY OF DUMALAG, PROVINCE OF CAPIZ |
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 granted to Mrs. Arsenio R. Frial, Mrs. Jose
Fillones and Mrs. Angeles L. Villareal, 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 power plant for the purpose of generating and distributing electric
light, heat and/or power for sale within the municipality of Dumalag,
Province of Capiz: Provided, That the holder of the franchise herein
granted shall start the operation thereof within one and a half years
from the approval of said 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 grantees shall surrender their franchise and will turn over to the Government all serviceable equipment therein, at cost, less reasonable depreciation. Sec. 3. This Act shall take effect upon its approval. Approved: June 9, 1950 |
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