PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES
REPUBLIC ACTS
REPUBLIC ACT NO. 1347 - AN
ACT TO GRANT TO DOMINGO FORTUNA A FRANCHISE FOR AN ELECTRIC LIGHT, HEAT
AND POWER SYSTEM IN THE MUNICIPALITY OF CANDON, PROVINCE OF ILOCOS SUR |
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 Domingo Fortuna 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 for sale within the Municipality of
Candon, Province of Ilocos Sur. 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 plant 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. Approved: June 18, 1955 |