PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES
REPUBLIC ACTS
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REPUBLIC ACT NO. 5359 - AN
ACT EXTENDING THE FRANCHISES OF THE BICOL ELECTRIC COMPANY, INC., FOR
ANOTHER TWENTY-FIVE YEARS
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| Section
1. Subject to the terms and conditions established
under Act Numbered Twenty-six hundred and forty-seven, as amended by
Act Numbered Twenty-eight hundred and eighty-two, the franchise granted
to Mariano Abella Y Isaac, and assumed and taken by the Bicol Electric
Company, to install, operate and maintain an electric light, heat and
power system in the City of Naga; and of the franchises granted by
resolutions of the municipal councils of Camaligan, Bombon and
Calabanga in the Province of Camarines Sur; of the municipal councils
of Ligao, Oas and Guinobatan in the Province of Albay; and of the
municipal council of Gubat in the Province of Sorsogon, to the Manila
Electric Company, assumed and taken over by the Bicol Electric Company,
to install, operate and maintain an electric light, heat and power
system in their respective municipalities, later revised and
consolidated by Republic Act Numbered Nine hundred and thirty-four, are
hereby extended for a period of twenty-five years from the date of
their expiration. Sec. 2. This Act shall take effect upon its approval. Enacted without Executive
approval, June 15, 1968 |