REPUBLIC ACT NO. 4634 - AN ACT GRANTING CESAR B. SERAPIO A FRANCHISE TO CONSTRUCT, MAINTAIN AND OPERATE AN ICE PLANT AND COLD STORAGE FACILITIES IN THE MUNICIPALITY OF VALENZUELA, PROVINCE OF BULACAN, AND TO SELL ICE AND SUPPLY COLD STORAGE THEREIN
1. Subject to the terms and conditions established in
this Act and in Commonwealth Act Numbered One hundred forty-six, as
amended, and to the provisions of the Constitution, there is granted to
Cesar B. Serapio, for a period of twenty-five years from the approval
of this Act, the right, privilege and authority to construct, maintain
and operate an ice plant and cold storage in the Municipality of
Valenzuela, Province of Bulacan, for the purpose of manufacturing ice
for distribution and sale, and for supplying cold storage, in the said
municipality, and to charge and collect a schedule of prices and rates
for the ice and cold storage so furnished, which schedule of prices
shall at all times be subject to regulation by the Public Service
Commission or its legal successor. |
Sec. 2. The grantee shall manufacture and supply ice up to the limit of the capacity of his plant, said limit to be determined by the Public Service Commission, and sell the same at rates to be determined by the Commission.
Sec. 3. 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 ice Commission shall determined that public interest reasonably requires it, change or alter any of its apparatus and appurtenances at grantee's expense.
Sec. 4. If the grantee shall not commence the manufacture of ice for distribution and sale within the Municipality of Valenzuela, Province of Bulacan, within two years from the approval of this Act, unless prevented by an act of God or force majeure, martial law, riot, civil commotion, usurpation by a military power or any other cause beyond the grantee's control, this franchise shall become null and void.
Sec. 5. 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 when the public interest so requires.
Sec. 6. In consideration of the franchise and rights hereby granted, the grantee shall pay a franchise tax equal to five per centum of the gross earnings under this franchise, three per centum of which shall accrue to the National Government and two per centum to the municipality where the franchise is being operated.
Sec. 7. The books, records and accounts of the grantee shall always be open for the inspection of the Auditor General or his authorized representatives, and it shall be the duty of the grantee to submit to the Audit General quarterly reports in duplicate, showing the gross receipts for the quarter past.
Sec. 8. In the event of any competing person, natural or juridical, 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 such competing person.
Sec. 9. This Act shall take effect upon its approval.
Approved: June 19, 1965