Grant of Electric Light, Heat and Power System Franchise to Mr. Jose A. Garcia
Republic Act No. 3240, approved on June 17, 1961, grants Mr. Jose A. Garcia the franchise to install, operate, and maintain an electric light, heat, and power system in Mabinay, Negros Oriental for 50 years. The Act stipulates that Mr. Garcia's operations must comply with existing laws and the Constitution. Additionally, should he purchase power from the National Power Corporation, that entity is authorized to negotiate rates for the benefit of consumers. The Act also includes a provision allowing the government to take over the franchise if desired, requiring Mr. Garcia to surrender his rights and equipment at depreciated cost.
June 17, 1961
REPUBLIC ACT NO. 3240
AN ACT GRANTING MR. JOSE A. GARCIA A FRANCHISE TO INSTALL, OPERATE AND MAINTAIN AN ELECTRIC LIGHT, HEAT AND POWER SYSTEM IN THE MUNICIPALITY OF MABINAY, PROVINCE OF NEGROS ORIENTAL
SECTION 1. Subject to the terms and conditions established in Act Numbered Thirty-six hundred and thirty-six, as amended by Commonwealth Act Numbered One hundred and thirty-two, and to the provisions of the Constitution, there is granted to Mr. Jose A Garcia, for a period of fifty years from the approval of this Act, the right, privilege and authority to construct, operate and maintain an electric light, heat and power system in the Municipality of Mabinay, Province of Negros Oriental, for the purpose of generating and distributing electric light, heat and/or power for sale within the limits of said municipality. cdt
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 operate and maintain 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. 7, p. 1284 on February 12, 1962