PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES
REPUBLIC ACTS
REPUBLIC ACT NO. 508 - AN
ACT GRANTING CONSUELO C. NAPANA A FRANCHISE FOR AN ELECTRIC LIGHT,
HEAT, AND POWER SYSTEM IN THE MUNICIPALITY OF BUENAVISTA, PROVINCE OF
AGUSAN |
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 Consuelo C. Napana, for a period of
fifty years from the approval of this Act, the right, privilege, and
authority to construct, maintain, and operate an electric light, heat
and power plant for the purpose of generating and distributing electric
light, heat and/or power for sale within the municipality of
Buenavista, Province of Agusan: Provided, That the holder of the
franchise herein granted shall start operation thereof within one and
one-half years from the approval of said franchise if she is not an
actual operator; and within six months if she is already a holder of a
municipal franchise. Failure to comply with this requirement shall ipso
facto cancel and void the franchise. Sec. 2. 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 its franchise and will turn over to the Government all serviceable equipment therein, at cost. Sec. 3. This Act shall take effect upon its approval. Approved: June 13, 1950 |