REPUBLIC ACT NO. 2332
AN ACT TO AMEND ACT NUMBERED TWENTY-THREE HUNDRED AND NINETY-THREE, ENTITLED "AN ACT GRANTING TO THE SOCIEDAD ANONIMA KNOWN AS 'SILAY ELECTRIC AND ICE PLANT COMPANY, INCORPORATED,' A FRANCHISE TO INSTALL, OPERATE, AND MAINTAIN AN ELECTRIC LIGHT, HEAT AND POWER SYSTEM IN THE MUNICIPALITY OF SILAY, OCCIDENTAL NEGROS, PHILIPPINE ISLANDS."
Section 1. Sec. three of Act Numbered Twenty-three hundred and ninety-three is amended to read as follows:
"Sec. 3. The poles erected by the grantee shall be of such height as to maintain the wires stretched on the same at a distance of at least twenty feet above the level of the ground, and shall be of such appearance as not to disfigure the streets, and shall be place in accordance with a plan approved by the municipal authorities, and said grantee shall supply electric power, heat and light to any applicant for the same within fifteen days after the date of application, and as between such applicant and other applicants, in the order of the date of his application up to the limit of the capacity of the plant of said grantee, to be determined by the district engineer on the application of said association or said grantee, and should the demand for electric power, heat and light at any time increase beyond the capacity of the plant of said grantee to supply the same the capacity of said plant shall be increased to meet such demand, upon authorization by the municipal council of Silay. The point at which the electric power, heat or light is to be supplied shall not be more than thirty meters from the lines or wires operated by said grantee."
Sec. 2. Sec. eleven of the same Act is amended to read as follows:
"Sec. 11. This franchise is granted with the understanding and upon the condition that it shall be subject to amendment, alteration or repeal by the Congress of the Philippines and that all lands or rights of use or occupation of lands secured by virtue of this franchise shall revert upon its termination to the Insular, provincial or municipal governments who were the owners thereof upon the date of which this franchise was granted."
Sec. 3. A new section is inserted between sections eleven and twelve of the same Act to read as follows:
"Sec. 11-A. 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 its franchise and will turn over to the government all serviceable equipment therein, at cost, less reasonable depreciation."
Sec. 4. Sec. seventeen of the same Act is repealed.chanrobles virtualaw library
Sec. 5. The present franchise of the Silay Electric and Ice Plant Co., Inc., is hereby extended for an additional fifty years from and after February twenty-eight, nineteen hundred and sixty-four.chanrobles virtualaw library
Sec. 6. This Act shall take effect upon its approval.
Approved: June 19, 1959