Authority to Natalio Digal to Transfer Franchise (Electric Light, Heat, and Power System)
Act No. 3951, approved on December 1, 1932, authorizes Natalio Digal to sell his franchise for an electric light, heat, and power system in Oroquieta, Occidental Misamis, to the Ocmis Electric Service Company. The transfer is contingent upon the Ocmis Electric Service Company submitting a written agreement to the Secretary of Commerce and Communications, committing to uphold all existing terms of the franchise. This Act ensures continuity in the operation and management of the electric service in the municipality. It takes effect immediately upon approval.
Law Information
- Reference Number
- Act No. 3951
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
December 1, 1932
ACT NO. 3951
AN ACT AUTHORIZING THE SALE, CONVEYANCE, AND TRANSFER OF THE FRANCHISE GRANTED TO NATALIO DIGAL BY ACT NUMBERED THIRTY-SIX HUNDRED AND FORTY-FIVE TO INSTALL, OPERATE, AND MAINTAIN AN ELECTRIC LIGHT, HEAT, AND POWER SYSTEM IN THE MUNICIPALITY OF OROQUIETA, OCCIDENTAL MISAMIS
SECTION 1. By virtue of the provisions of section thirteen of Act Numbered Thirty-six hundred and forty-five, entitled "An Act granting to Natalio Digal a franchise to install, operate, and maintain an electric light, heat, and power system in the municipality of Oroquieta, Province of Misamis, Philippine Islands", the grantee, Natalio Digal, is hereby authorized to sell, convey, and transfer the franchise granted him by said Act and the property and rights acquired thereunder to the corporation denominated Ocmis Electric Service Company, a company duly incorporated and registered in the mercantile register of the Bureau of Commerce and Industry, with its main office in the municipality of Oroquieta, Province of Occidental Misamis: Provided, That in order that this sale, conveyance, and transfer may be effective, an agreement in writing must be filed in the office of the Secretary of Commerce and Communications by which the Ocmis Electric Service Company shall bind itself to accept and comply with all existing terms and conditions of said franchise.
SECTION 2. This Act shall take effect on its approval.
Approved, December 1, 1932.
Cite This Law
Authority to Natalio Digal to Transfer Franchise (Electric Light, Heat, and Power System), Act No. 3951, Dec 1, 1932 (Philippines)
Authority to Natalio Digal to Transfer Franchise (Electric Light, Heat, and Power System), Act No. 3951 (Phil. 1932)
Related Laws
- Grant of Franchise to Natalio Digal (Electric Light, Heat and Power System)Act No. 3645 • Dec 7, 1929 • Statutes
- Extension of Term of Franchise Originally Granted to Natalio DigalRepublic Act No. 3912 • Jun 18, 1964 • Statutes
- Grant of Franchise to Baclayon Electric Light and Power Co. (Electric Light, Heat, and Power System)Act No. 4265 • Nov 7, 1935 • Statutes
- Grant of Electric Light, Heat and Power System Franchise to V.B. Flores Electric Light, Inc.Republic Act No. 3803 • Jun 22, 1963 • Statutes
- Grant of Franchise to Bacarra Electric Power Company (Electric Light, Heat and Power System)Act No. 4024 • Dec 8, 1932 • Statutes
- Grant of Franchise to the Visayan Electric Company, S.A. (Electric Light, Heat and Power System)Act No. 3499 • Dec 8, 1928 • Statutes
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