PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES
REPUBLIC ACTS
REPUBLIC ACT NO. 1113 - AN ACT
GRANTING THE MUNICIPALITY OF BALOI, PROVINCE OF LANAO, A FRANCHISE FOR
AN ELECTRIC LIGHT, HEAT AND POWER SYSTEM |
Section 1.
Subject 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, and to the provisions of the
Constitution, there is granted to Municipality of Baloi, Province of
Lanao, 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 electric light, heat, and/or power of sale within the
municipality of Baloi, Province of Lanao. 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. 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 will turn over to the Government all serviceable equipment therein, at cost, less reasonable depreciation.
Sec. 4. This Act shall take effect upon its
approval. Approved: June 15, 1954 |