Approval of Assignment, Sale and Transfer of Franchise from Bicol Electric Co. to Gubat Electric Co., Inc.
Republic Act No. 3262, approved on June 17, 1961, authorizes the assignment, sale, and transfer of the electric franchise previously granted to the Bicol Electric Company for operations in Gubat, Sorsogon, to the Gubat Electric Company, Incorporated. This transfer is subject to the conditions outlined in Republic Act No. 934, which governs electric service operations in various municipalities. The Act allows for the transfer of all associated property and equipment. It became effective upon approval and was published in the Official Gazette on February 26, 1962.
Law Information
- Reference Number
- Republic Act No. 3262
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 17, 1961
REPUBLIC ACT NO. 3262
AN ACT APPROVING ANY ASSIGNMENT, SALE AND TRANSFER OF THE FRANCHISE GRANTED TO THE BICOL ELECTRIC COMPANY BY REPUBLIC ACT NUMBERED NINE HUNDRED THIRTY-FOUR TO OPERATE IN THE MUNICIPALITY OF GUBAT, PROVINCE OF SORSOGON, IN FAVOR OF THE GUBAT ELECTRIC COMPANY, INCORPORATED
SECTION 1. Subject to the conditions of Republic Act Numbered Nine hundred thirty-four, entitled "An Act extending and consolidating the terms of the franchises granted by the Philippine Legislature and the Municipal Councils of Camaligan, Canaman, Magarao, Bombon, and Calabanga in the Province of Camarines Sur; of Ligao, Oas, and Guinobatan in the Province of Albay; and of Gubat in the Province of Sorsogon, to the Bicol Electric Company, to install, operate and maintain electric light, heat and power systems in the City of Naga and in the municipalities hereinabove named," approval is hereby given to any assignment, sale and transfer of the franchise granted to the Bicol Electric Company under the said Act to operate in the Municipality of Gubat, Province of Sorsogon, together with all the property and equipment, thereunder, in favor of the Gubat Electric Company, Inc. aisa dc
SECTION 2. This Act shall take effect upon its approval.
Approved: June 17, 1961
Published in the Official Gazette, Vol. 58, No. 9, p. 1688 on February 26, 1962
Cite This Law
Approval of Assignment, Sale and Transfer of Franchise from Bicol Electric Co. to Gubat Electric Co., Inc., Republic Act No. 3262, Jun 17, 1961 (Philippines)
Approval of Assignment, Sale and Transfer of Franchise from Bicol Electric Co. to Gubat Electric Co., Inc., Republic Act No. 3262 (Phil. 1961)
Related Laws
- Authority to Convey Franchise from Visayan Electric Co., S.A. to Visayan Electric Co., Inc.Republic Act No. 3234 • Jun 17, 1961 • Statutes
- Extension of Franchises of Bicol Electric Co., Inc.Republic Act No. 5359 • Jun 15, 1968 • Statutes
- Approval of Assignment, Sale and Transfer of Franchise Granted to Jose CatolicoRepublic Act No. 1118 • Jun 15, 1954 • Statutes
- Grant of Electric Light, Heat and Power System Franchise to Dumlao Enterprises Co., Inc.Republic Act No. 3628 • Jun 22, 1963 • Statutes
- Grant of Electric Light, Heat and Power System Franchise to The Naguilian Electric Co., Inc.Republic Act No. 5934 • Jun 21, 1969 • Statutes
- Grant of Electric Light, Heat and Power System Franchise to Cagayan Electric Power and Light Co., Inc.Republic Act No. 3247 • Jun 17, 1961 • Statutes
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