REPUBLIC ACT NO. 5942 - AN ACT GRANTING PILAR P. MADELLA A FRANCHISE TO CONSTRUCT, OPERATE AND MAINTAIN AN ICE PLANT AND COLD STORAGE IN THE MUNICIPALITY OF REAL, PROVINCE OF QUEZON, AND TO SELL ICE THEREIN AND IN THE NEIGHBORING MUNICIPALITIES OF INFANTA, GENERAL NAKAR, POLILIO, PATNANUNGAN, PANUKULAN, BURDEOS AND JUMALIG, SAME PROVINCE
1. Subject to the conditions imposed by this Act,
there is granted to Pilar P. Madella of Real, Quezon, hereinafter
referred to as the grantee, her successors or assigns, for a period of
twenty-five years from the approval of this Act, a franchise to
construct, operate and maintain an ice plant and cold storage in the
Municipality of Real, Province of Quezon, for the purpose of
manufacturing and distributing ice therein and in the neighboring
municipalities of Infanta, General Nakar, Polilio, Patnanungan,
Panukulan, Burdeos and Jumalig, same province, and to charge a schedule
of prices and rates for the ice so furnished, which schedule of prices
and rates shall at all times be subject to regulation by the Public
Service Commission. |
Sec. 2. The grantee shall manufacture and supply ice up to the limit of the capacity of the plant, as determined by the Public Service Commission.
Sec. 3. All apparatus and appurtenances to be used by the grantee shall be modern, safe and first class in every respect, and the grantee shall, whenever the Public Service Commission shall determine that public interest reasonably requires it, change or alter any of her plant's apparatus and appurtenances at grantee's expense.
Sec. 4. If the grantee shall not commence the manufacture and distribution of ice in the aforesaid places three years from the approval of this Act, unless prevented by an act of God or force majeure, martial law, riot, civil commotion, usurpation by a military power or any other cause beyond the grantee's control, this franchise shall become null and void.
Sec. 5. This franchise is granted subject to the provisions of Commonwealth Act Numbered One hundred and forty-six, as amended, only with respect to the fixing of rates, and with the understanding and upon the condition that it shall be subject to amendment, alteration or repeal by the Congress of the Philippines when public interest so requires.
Sec. 6. In consideration of the franchise and rights hereby granted, the grantee shall pay a franchise tax equal to five per centum of the gross earnings under this franchise, three per centum of which shall accrue to the National Government and two per centum to the municipality where the franchise is being operated.
Sec. 7. This Act shall take effect upon its approval.
Enacted without Executive
approval, June 21, 1969.