PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES
REPUBLIC ACTS
REPUBLIC ACT NO. 2341 - AN ACT
GRANTING THE ANGELES ELECTRIC CORPORATION A FRANCHISE FOR AN ELECTRIC
LIGHT, HEAT AND POWER SYSTEM IN THE MUNICIPALITY OF ANGELES, PROVINCE
OF PAMPANGA |
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 the Angeles
Electric Corporation, 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 Angeles, Province of Pampanga.
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. 4. This Act shall take effect upon its
approval: Provided, That should the grantee fail to construct and
operate its electric light, heat and power system within three years
from the approval of this Act, the franchise therefor shall be null and
void. Approved: June 20, 1959 |