REPUBLIC ACT NO. 3198 - AN ACT GRANTING JOAQUIN BOCANEGRA A FRANCHISE FOR AN ELECTRIC LIGHT, HEAT AND POWER SYSTEM AND AN ICE PLANT AND COLD STORAGE IN THE MUNICIPALITY OF AMLAN, PROVINCE OF NEGROS ORIENTAL, AND TO DISTRIBUTE AND SELL LIGHT, HEAT AND/OR POWER AND ICE AND SUPPLY COLD STORAGE THEREIN
|Section 1. Subject to
the terms and conditions established in this Act and in Act Numbered
Thirty-six hundred and thirty-six, as amended by Commonwealth Act
Numbered One hundred and thirty-two; Commonwealth Act Numbered
forty-six, as amended, and to the provisions of the Constitution, there
is granted to Joaquin Bocanegra 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 electrical light,
heat and/or power, and an ice plant and cold storage for the purpose of
manufacturing and distributing ice and supplying cold storage in the
Municipality of Amlan, Province of Negros Oriental, and to charge and
collect a schedule of prices and rates for the electricity and ice and
cold storage so furnished, which schedule of prices and rates shall at
all times be subject to regulation by the Public Service Commission. |
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. 3. The grantee shall manufacture and supply ice and cold storage up to the limit of the capacity of his plant, said limit to be determined by the Public Service Commission.
Sec. 4. All the apparatus and appurtenances to be used by the grantee shall be modern, safe and first class in every respect, and the grantee shall, whenever the Public Service Commission shall determine that public interest reasonably requires it, change or alter any of his apparatus and appurtenances at grantee's expense.
Sec. 5. If the grantee shall not commence operation within one year from the approval of this Act, unless prevented by an act of God or force majeure, martial law, riot, civil commotion, or any other cause beyond the grantee's control, this franchise shall become null and void.
Sec. 6. The books, records and accounts of the grantee shall always be open to the inspection of the Auditor General of his authorization representatives, and it shall be the duty of the grantee to submit to the Auditor General quarterly reports in duplicate showing the gross receipts for the quarter past.
Sec. 7. In the event of any competing individual, association of persons, or corporation receiving from the Congress of the Philippines a similar franchise in which there shall be any term or terms more favorable than those herein granted or tending to place the herein grantee at any disadvantage, then such term or terms shall ipso facto become a part of the terms hereof and shall operate equally in favor of the grantee as in the case of said competing individual, association of persons, or corporation.
Sec. 8. 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 shall turn over to the Government all serviceable equipment therein, at cost, less reasonable depreciation.
Sec. 9. This Act shall take effect upon its approval.
Approved: June 17, 1961