REPUBLIC ACT NO. 4012 - AN ACT
GRANTING THE 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. Subject to the terms and conditions established in
this 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 the Pototan
Electric Light and Power Corporation in the Municipality of Pototan,
Province of Iloilo, 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 limits of the said municipality. Sec. 2. In the event that the grantee shall purchase and obtain electric heat and power from the National Power Corporation, the latter is hereby authorized to negotiate and transact for the benefit and in behalf of the public consumers with reference to rates. Sec. 3. This Act shall take effect upon its approval. Approved: June 18, 1964 |