PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY
|REPUBLIC ACT NO. 853 - AN ACT
GRANTING MATEO AUAYAN A FRANCHISE FOR AN ELECTRIC LIGHT, HEAT AND POWER
SYSTEM IN THE MUNICIPALITY OF BUENAVISTA, PROVINCE OF ILOILO
| Section 1.
Subject to the terms and conditions established in Act Numbered
Thirty-six hundred and thirty-six, amended by Commonwealth Act Numbered
One hundred and thirty-two, and to the provisions of the Constitution,
there is granted to Mateo Auayan, 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 Buenavista,
Province of Iloilo.
Sec. 2. It is expressly provided that in the event the Government should desire to maintain and operate for itself the system and enterprise herein authorized, the grantee shall surrender his 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 28, 1953