Republic Act No. 3211, approved on June 17, 1961, grants Leopoldo Diones a 25-year franchise to construct, maintain, and operate an electric light, heat, and power system in Sulop, Davao. The act mandates compliance with existing laws and allows the National Power Corporation to negotiate rates for purchased power on behalf of consumers. It also stipulates that if the government decides to operate the system, Diones must surrender his franchise and transfer all serviceable equipment at cost, minus depreciation. The law took effect upon its approval and was published in the Official Gazette.
June 17, 1961
REPUBLIC ACT NO. 3211
AN ACT GRANTING LEOPOLDO DIONES A FRANCHISE FOR AN ELECTRIC LIGHT, HEAT AND POWER SYSTEM IN THE MUNICIPALITY OF SULOP, PROVINCE OF DAVAO
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 and thirty-two, and to the provisions of the Constitution, there is granted to Leopoldo Diones in the Municipality of Sulop, Province of Davao, 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 limits of the said municipality. acd
SECTION 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.
SECTION 3. It is expressly provided that in the event the Government should desire to maintain and operate for itself the system and enterprise herein authorized, the grantee shall surrender his franchise and will 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 17, 1961
Published in the Official Gazette, Vol. 58, No. 6, p. 1066 on February 5, 1962