PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY
|REPUBLIC ACT NO. 689 - AN ACT
GRANT TO RIZALINA M. OBIDOS A FRANCHISE FOR AN ELECTRIC LIGHT, HEAT AND
POWER SYSTEM IN THE MUNICIPALITY OF ALTAVAS, PROVINCE OF CAPIZ
Subject to the terms and conditions established in At 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 Rizalina M. Obidos, 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 system for the purpose of generating and distributing
electric light, heat, and/or power for sale within the municipality of
Altavas, Province of Capiz: Provided, That the holder of the franchise
herein one and 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 grantee shall surrender her 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: May 9, 1952