REPUBLIC ACT NO. 4697 - AN ACT
GRANTING SAN GUILLERMO DEVELOPMENT CORPORATION A FRANCHISE TO INSTALL,
MAINTAIN AND OPERATE AN ELECTRIC LIGHT, HEAT AND POWER SYSTEM IN THE
BARRIOS OF SAN GUILLERMO AND BOMBONGAN, MUNICIPALITY OF MORONG,
PROVINCE OF RIZAL |
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 San Guillermo Development
Corporation, for a period of twenty-five years from the approval of
this Act, the right, privilege and authority to install, 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 barrios of San Guillermo and Bombongan, Municipality of
Morong, Province of Rizal. Sec. 2. In the event that the grantee should purchase and secure 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. 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 its franchise and will turn over to the Government all serviceable equipment therein, at cost, less reasonable depreciation. Sec. 4. This Act shall take effect upon its approval. Enacted without Executive
approval, June 18, 1966. |