Republic Acts
Republic Act No. 1016
PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW
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ACT NO. 1016
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REPUBLIC ACTS
| REPUBLIC ACT NO. 1016 - AN
ACT GRANTING ANDRES CABALLERO A FRANCHISE FOR AN ELECTRIC LIGHT, HEAT
AND POWER SYSTEM IN THE MUNICIPALITY OF PANTUKAN, PROVINCE OF DAVAO |
| 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 and thirty-two, and to the provisions of the
Constitution, there is granted to Andres Caballero, 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
Pantukan, Province of Davao.cralaw Sec. 2. In the event that the grantee shall purpose and secure from the National Power Corporation electric heat and power, the National Power Corporation is hereby authorized to negotiate and transact for the benefit and in behalf of the public consumers with reference to rates.cralaw 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 his franchise and will turn over to the Government all
serviceable equipment therein, at cost, less reasonable
depreciation. Approved: June 12, 1954 |
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