PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES
REPUBLIC ACTS
| REPUBLIC ACT NO. 1875 - AN
ACT GRANTING THE BENGUET DEVELOPMENT COMPANY, INC., A FRANCHISE TO
DEVELOP, CONSTRUCT, MAINTAIN AND OPERATE A HYDROELECTRIC POWER PLANT IN
THE CHICO RIVER, BONTOC, MOUNTAIN PROVINCE |
| Section 1.
Subject to the provisions of the Constitution and to the terms and
conditions established in Act Numbered Thirty-six hundred thirty-six,
as amended, insofar as the latter law is applicable to, and not
inconsistent with this Act, there is hereby granted to the Benguet
Development Company, Inc., hereinafter known as the grantee, for a
period of twenty-five years from the approval of this Act, the right,
privilege and authority to develop, construct, maintain and operate a
hydroelectric power plant at a suitable place along the Chico River,
Bontoc, Mountain Province, for the purpose of generating and
distributing electric light, heat and power for sale within the
Municipal District of Bontoc, capital of Mountain Province. The grantee
shall complete the building of the hydroelectric power plant herein
authorized within five years from the approval of this Act and charge
and collect a schedule of prices and rates for the use of electric
current, which schedule of prices and rates shall at all times be
subject to regulation by the Public Service Commission. Sec. 2. It is expressly provided that, in the event the Government should desire to maintain and operate for itself the hydroelectric power plant herein authorized, the grantee shall surrender its franchise and turn over to the Government all installations and serviceable equipment therein, at cost, less reasonable depreciation.
Sec. 3. This Act shall take effect upon its
approval. Approved: June 22, 1957 |