REPUBLIC ACT NO. 2996 - AN ACT
EXTENDING THE TERM OF THE ELECTRIC LIGHT, HEAT AND POWER FRANCHISE OF
THE BACLAYON ELECTRIC LIGHT AND POWER COMPANY, INCORPORATED, AMENDING
FOR THE PURPOSE SECTION ONE OF ACT NUMBERED FORTY-TWO HUNDRED SIXTY-FIVE |
Section
1. Section one of Act Numbered Forty-two hundred
sixty-five is hereby amended to read as follows: "Section 1.
Subject to the rules and conditions established in Act Numbered
Thirty-six hundred and thirty-six, there is granted to the Baclayon
Electric Light and Power Company, Incorporated, for a period of another
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 power, for sale within the limits of the
Municipality of Baclayon, Province of Bohol. This franchise shall not
be transferable except with the approval of the Congress of the
Philippines. Sec. 2. This Act shall take effect upon its approval. Enacted without Executive
Approval, June 19, 1960. |