REPUBLIC ACT NO. 1225 - AN
ACT TO GRANT TO THE LA UNION ELECTRIC CO., INC., A FRANCHISE FOR AN
ELECTRIC LIGHT, HEAT AND POWER SYSTEM IN THE MUNICIPALITIES OF SAN
FERNANDO, BAUANG AND SAN JUAN, PROVINCE OF LA UNION |
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 the La Union
Electric Co., Inc., for a period of fifty years from the approval of
this Act, the right, privilege and authority to construct, maintain and
operate an electric light, heat and power plant for the purpose of
generating and distributing electric light, heat and/or power for sale
within the limits of the municipalities of San Fernando, Bauang and San
Juan, Province of La Union.cralaw Sec. 2. In the event that the grantee shall
purchase 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. Sec. 4. This Act shall take effect upon its
approval.cralaw Approved: May 23, 1955 |