Grant of Electric Light, Heat and Power System Franchise to V-M-C Rural Electric Service Cooperative, Inc.
Republic Act No. 4598, enacted on June 19, 1965, grants the V-M-C Rural Electric Service Cooperative, Inc. a 25-year franchise to install and operate an electric light, heat, and power system in the municipalities of Manapla, Victorias, and Cadiz in Negros Occidental. The cooperative is authorized to generate and distribute electricity to rural areas, excluding the town proper. Should the cooperative purchase electricity from the National Power Corporation, that entity is permitted to negotiate rates on behalf of public consumers. Additionally, if the government decides to operate the system itself, the cooperative must surrender its franchise and equipment at cost, minus reasonable depreciation. The act became effective upon approval.
Quick Answers
- What is Grant of Electric Light, Heat and Power System Franchise to V-M-C Rural Electric Service Cooperative, Inc. about?
- Republic Act No. 4598, enacted on June 19, 1965, grants the V-M-C Rural Electric Service Cooperative, Inc. a 25-year franchise to install and operate an electric light, heat, and power system in the municipalities of Manapla, Victorias, and Cadiz in Negros Occidental. The cooperative is authorized to generate and distribute electricity to rural areas, excluding the town proper. Should the cooperative purchase electricity from the National Power Corporation, that entity is permitted to negotiate rates on behalf of public consumers. Additionally, if the government decides to operate the system itself, the cooperative must surrender its franchise and equipment at cost, minus reasonable depreciation. The act became effective upon approval.
- What type of law is Republic Act No. 4598?
- Grant of Electric Light, Heat and Power System Franchise to V-M-C Rural Electric Service Cooperative, Inc. (Republic Act No. 4598) is a Philippine Statutes enacted by the Congress of the Philippines.
- When was Grant of Electric Light, Heat and Power System Franchise to V-M-C Rural Electric Service Cooperative, Inc. enacted?
- Grant of Electric Light, Heat and Power System Franchise to V-M-C Rural Electric Service Cooperative, Inc. (Republic Act No. 4598) was enacted on Jun 19, 1965.
- What is the citation for Grant of Electric Light, Heat and Power System Franchise to V-M-C Rural Electric Service Cooperative, Inc.?
- Grant of Electric Light, Heat and Power System Franchise to V-M-C Rural Electric Service Cooperative, Inc., Republic Act No. 4598, Jun 19, 1965 (Philippines)
Law Information
- Reference Number
- Republic Act No. 4598
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 19, 1965
REPUBLIC ACT NO. 4598
AN ACT GRANTING THE V-M-C RURAL ELECTRIC SERVICE COOPERATIVE, INC. A FRANCHISE FOR AN ELECTRIC LIGHT, HEAT AND POWER SYSTEM IN THE MUNICIPALITIES OF MANAPLA, VICTORIAS AND CADIZ, ALL IN THE PROVINCE OF NEGROS OCCIDENTAL
SECTION 1. Subject to the terms and conditions established in Act Numbered Thirty-six hundred thirty-six, as amended by Commonwealth Act Numbered One hundred thirty-two, and to the provisions of the Constitution, there is granted to the V-M-C Rural Electric Service Cooperative, Inc., for a period of twenty-five years from the approval of this Act the right, privilege and authority to install, 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 to the public in all the barrios and rural areas in the Municipality of Victorias excluding the poblacion or town proper; in the Municipality of Manapla; and in all the barrios and rural areas in the Municipality of Cadiz excluding the poblacion or town proper, all in the Province of Negros Occidental.
SECTION 2. In the event that the grantee shall purchase and secure electric light, heat and power from the National Power Corporation, the latter is hereby authorized to negotiate and transact for the benefit and in behalf of the public consumers with reference to rates. casia
SECTION 3. It is expressly provided that should the Government desire to maintain and operate for itself the system and enterprise herein authorized, the grantee shall surrender its franchise and turn over to the Government all serviceable equipment therein, at cost, less reasonable depreciation.
SECTION 4. This Act shall take effect upon its approval.
Approved: June 19, 1965
Published in the Official Gazette, Vol. 63, No. 5, p. 1066 on January 30, 1967
Cite This Law
Grant of Electric Light, Heat and Power System Franchise to V-M-C Rural Electric Service Cooperative, Inc., Republic Act No. 4598, Jun 19, 1965 (Philippines)
Grant of Electric Light, Heat and Power System Franchise to V-M-C Rural Electric Service Cooperative, Inc., Republic Act No. 4598 (Phil. 1965)
Related Laws
- Grant of Electric Light, Heat and Power System Franchise to Gapan Rural Electric Service Cooperative, Inc.Republic Act No. 6252 • Jun 19, 1971 • Statutes
- Amendment to R.A. No. 4598 Re: Franchise Granted to V-M-C Rural Electrical Service Cooperative, Inc.)Republic Act No. 5741 • Jun 21, 1969 • Statutes
- Grant of Electric Light and Power System Franchise to Misamis Oriental Rural Electric Service Cooperative, Inc.Republic Act No. 5445 • Sep 9, 1968 • 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 Electric Light, Heat and Power System Franchise to Alger Electric, Inc.Republic Act No. 3826 • Jun 22, 1963 • Statutes
- Grant of Electric Light, Heat and Power System Franchise to Magsingal (Ilocos Sur) Farmer's Cooperative Marketing Association, Inc.Republic Act No. 2952 • Jun 19, 1960 • Statutes
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