REPUBLIC ACT NO. 1874 - AN
ACT GRANTING NANCY DE LUNA A FRANCHISE TO INSTALL, OPERATE, AND
MAINTAIN AN ELECTRIC LIGHT, HEAT, AND POWER SYSTEM IN THE MUNICIPALITY
OF BABATON, PROVINCE OF LEYTE |
Section 1.
Subject to the provisions of the Constitution and 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, there is granted to Nancy de Luna 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
system for the purpose of generating and distributing electric light,
heat and/or power for sale within the Municipality of Babaton,
Province of Leyte.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.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
her franchise and will turn over to the Government all serviceable
equipment therein, at cost, less reasonable depreciation. Approved: June 22, 1957 |