REPUBLIC ACT NO. 1385 - AN ACT
GRANTING JOSE BORRES A FRANCHISE FOR AN ELECTRIC LIGHT, HEAT AND POWER
SYSTEM IN THE MUNICIPALITY OF PRESIDENT ROXAS, PROVINCE OF CAPIZ |
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 Jose Borres, 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
President Roxas, Province of Capiz. 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.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 18, 1955 |