Approval of Assignment, Sale and Transfer of Franchise Granted to Jose Catolico
Republic Act No. 1118, approved on June 15, 1954, authorizes the assignment, sale, and transfer of the electric franchise originally granted to Jose Catolico under Republic Act No. 466 to the "Jose Catolico Electric Light and Power Co., Inc." This Act ensures that all property and equipment acquired under the original franchise can also be transferred. The provisions of the original franchise remain applicable to this transfer. The law took effect upon its approval and was published in the Official Gazette in August 1954.
Law Information
- Reference Number
- Republic Act No. 1118
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 15, 1954
REPUBLIC ACT NO. 1118
AN ACT APPROVING ANY ASSIGNMENT, SALE AND TRANSFER OF THE FRANCHISE GRANTED TO JOSE CATOLICO BY REPUBLIC ACT NUMBERED FOUR HUNDRED AND SIXTY-SIX IN FAVOR OF "JOSE CATOLICO ELECTRIC LIGHT AND POWER CO., INC"
SECTION 1. Subject to the provisions of Republic Act Numbered Four hundred and sixty-six, entitled "An Act granting Jose Catolico a franchise for an electric light, heat and power system in the municipality of Buayan, Province of Cotabato," approval is hereby given to any assignment, sale and transfer of the franchise granted to Jose Catolico under the said Act, together with all the property and equipment acquired thereunder, in favor of "Jose Catolico Electric Light and Power Plant Co., Inc."
SECTION 2. This Act shall take effect upon its approval. cd i
Approved: June 15, 1954
Published in the Official Gazette, Vol. 50, No. 8, p. 3449 in August 1954
Cite This Law
Approval of Assignment, Sale and Transfer of Franchise Granted to Jose Catolico, Republic Act No. 1118, Jun 15, 1954 (Philippines)
Approval of Assignment, Sale and Transfer of Franchise Granted to Jose Catolico, Republic Act No. 1118 (Phil. 1954)
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